Trump’s tariffs would shrink U.S. economy, raise inflation despite cutting deficits, CBO says

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Trump’s tariffs would shrink U.S. economy, raise inflation despite cutting deficits, CBO says

theglobeandmail.com/business/article-trump-tariffs-us-economy-inflation-deficit-cbo

U.S. President Donald Trump’s sweeping tariff plan would cut deficits by US$2.8-trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional…

This story appeared on theglobeandmail.com, 2025-06-04 18:35:21.