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Coverage dated June 2, 2025 to June 3, 2025

Tariffs will reduce deficits by $2.5 trillion over 10 years: CBO

Headline from The Hill

President Trump’s tariffs will take a major bite out of U.S. deficit levels, reducing them by $2.5 trillion over the next decade and shrinking the size of the U.S. economy, the Congressional Budget Office (CBO) found in a Wednesday analysis.

The Hill's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

Earlier updates in this story

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Reports & sources

9 articles, oldest first.

  1. Time

    Trump Tariffs Deal Blow to Economic Growth Forecast (opens Time)

    Published

    Time's feed description

    President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than previously expected.

  2. Bangor Daily News

    Trump's tariffs would cut US deficits by $2.8 trillion but shrink the economy, CBO says (opens Bangor Daily News)

    Published

    Bangor Daily News's feed description

    Baked into the analysis is a prediction that households would ultimately buy less from the countries hit with added tariffs.

  3. NPR

    Trump's tariffs could cut deficit by $2.8 trillion over next decade -- with caveats (opens NPR)

    Published

    NPR's feed description

    The Congressional Budget Office projected President Trump's tariffs could raise trillions of dollars over the next decade — but they could also lead to higher inflation and slower economic growth.

  4. Washington Examiner

    Trump tariffs would net $2.8 trillion over next decade, CBO says (opens Washington Examiner)

    Published

    Washington Examiner's feed description

    The $2.8 trillion figure is after accounting for how the tariff agenda would reduce the size of the U.S. economy, according to the CBO.

  5. The Hill

    Tariffs will reduce deficits by $2.5 trillion over 10 years: CBO (opens The Hill)

    Published

    The Hill's feed description

    President Trump’s tariffs will take a major bite out of U.S. deficit levels, reducing them by $2.5 trillion over the next decade and shrinking the size of the U.S. economy, the Congressional Budget Office (CBO) found in a Wednesday analysis.

  6. Breitbart News

    Trump's Tariffs Would Cut Budget Deficits by $2.8 Trillion, CBO Says (opens Breitbart News)

    Published

    Breitbart News's feed description

    The revenue from the tariffs would more than offset projected losses from tax cuts. | Politics

  7. The Boston Globe

    Trump’s tariffs would cut US deficits by $2.8 trillion over 10 years and shrink the economy, CBO says (opens The Boston Globe)

    Published

    The Boston Globe's feed description

    The budget office estimates that the tariffs would increase the average annual rate of inflation by 0.4 percentage points in 2025 and 2026.

  8. CBS News

    Trump tariffs would cut deficits by $2.8 trillion and shrink the economy, CBO says (opens CBS News)

    Published

    CBS News's feed description

    President Trump's sweeping tariff plan would cut deficits by $2.8 trillion over 10 years while shrinking the economy, the nonpartisan Congressional Budget Office said.

  9. New York Post

    Trump tariffs would slash deficit by $2.8T if kept in place for 10 years: CBO (opens New York Post)

    Published

    New York Post's feed description

    Trump's tariffs would also reduce the size of the US economy by about 0.06 percentage points per year on average and cause a 0.4% spike in total inflation for 2025 and 2026, the CBO noted.

Tariffs will reduce deficits by $2.5 trillion over 10 years: CBO | Since Then