Trump Tariff Savings: U.S. Deficit Projected to Shrink by $4 Trillion

The Congressional Budget Office (CBO) projects a significant reduction in the U.S. deficit over the next decade, attributed partly to former President Trump’s aggressive tariff policies. The CBO estimates the deficit will shrink by $4 trillion over 2023-2035 due to these tariffs. This figure is based on duties already imposed and a projected decrease in interest payments stemming from lower national debt.