News

How big trade deficit drop as tariffs hit imports is playing out inside U.S. supply chain and economy
Supply chain data shows the flip side to the drop in the trade deficit: an import surge has turned into a pause and small ...
Trump's tariffs could pay for his tax cuts -- but it likely wouldn't be much of a bargain
The tax cuts in President Donald Trump's One Big Beautiful Bill would likely gouge a $2.4 trillion hole in the federal budget ...
Trump's tariffs to curb US economic growth while reducing deficit: CBO report
The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic ...
Trump's tariff strategy could pay for his tax bill, but only if they stick, experts warn
The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but ...
Republican Spending Bill Would Add $2.4 Trillion to Deficit, CBO Says. Tariffs Are a Wild Card.
The Congressional Budget Office estimates that the bill would add $2.4 trillion to the deficit through 2034. That is the ...
Vought: Estimates that tariffs will reduce deficit ‘major part’ of argument for ‘big, beautiful bill’
President Trump’s budget chief Russ Vought argued that the prediction that the tariffs will take a major bite out of the U.S.
The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of households overall.
WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period ...