Tariffs will cut deficits by $1 trillion less than expected, CBO says [View all]
Source: axios
Updated 9 hours ago - Ben Berkowitz
President Trump's tariffs will cut deficits by $3 trillion over the next decade, $1 trillion less than previously forecast, the Congressional Budget Office said Thursday.
Why it matters: Taking a trillion dollars in deficit reduction off the table may complicate the math around Trump's $2,000 tariff dividend checks — already unpopular with Senate Republicans who want to prioritize the deficit.
Follow the money: CBO said all of the tariffs put in place between January 6 and November 15 would cut primary deficits by $2.5 trillion, if left in place through 2035.
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The reduction is driven by new data on what's actually coming in from tariff collections, as well as a series of rate reductions, including for China and on some food products. ...........................
Read more: https://www.axios.com/2025/11/20/trump-tariffs-deficit-forecast?utm_source=firefox-newtab-en-us
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