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Trump tariffs to reduce US deficits by $1 trillion less than estimated: CBO
Hindustan Times Punjab
|November 22, 2025
President Donald Trump's tariff increases on imports from foreign countries will reduce US deficits by $3 trillion if they are maintained through 2035, the nonpartisan Congressional Budget Office (CBO) estimated on Thursday, instead of the $4 trillion the agency projected in August, Reuters reported.
CBO based its latest estimate on tariffs imposed by Trump between January 6 and November 15. It said primary deficits would be reduced by $2.5 trillion over Il years, with borrowing costs falling by around $500 billion as a result. The August estimate was
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