Donald Trump tariff impact: CBO trims deficit-cut estimate by $1 trillion; revised data, rate changes drive downgrade
The Congressional Budget Office has lowered its projection of how much President Donald Trump’s tariff increases will reduce US budget deficits over the next decade. The non-partisan agency now expects the duties to cut deficits by $3 trillion through 2035, down from the $4 trillion estimated in August, as per news agency Reuters.According to the…