Trump tariffs would cut deficits by $2.8 trillion over 10 years—while shrinking the economy and raising inflation, CBO says

fortune.com/2025/06/05/trump-tariffs-would-cut-deficits-2-8-trillion-over-10-yearswhile-shrinking-economy-raising-inflation-cbo

President Donald Trump’s sweeping tariff plan would cut deficits by $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 Budget…

This story appeared on fortune.com, 2025-06-05 08:46:29.
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