Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says

Business

Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says

Fatima Hussein

Associated Press Published: June 4, 2025 at 2:02 PM Tags: Business , U.S. news , Washington news , Donald Trump Full Screen 1 / 4 Previous photo Next photo FILE - A Tariff Free sign to attract vehicle shoppers is at an automobile dealership in Totowa, N.J., on April 30, 2025. (AP Photo/Ted Shaffrey) FILE - Bicycles are displayed at a Walmart, Wednesday, April 16, 2025, in Groton, Conn. (AP Photo/Julia Demaree Nikhinson, File) FILE - Empty shopping carts are collected from the parking lot at Walmart store in Burbank, Calif., on Thursday, April 10, 2025. (AP Photo/Damian Dovarganes, File) FILE - President Donald Trump spe