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The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of households overall.
WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period ...
To Pay for Tax Cuts, Trump Touts Tariff Revenues That May Be Fleeting
The president cited figures from the Congressional Budget Office to suggest tariffs could offset the cost of tax cuts, though ...
US Congress budget office sees economic output falling from Trump tariffs
U.S. economic output will fall as a result of President Donald Trump's new tariffs on foreign goods that were in place as of ...
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Sen. Tim Kaine says Trump's tariffs could reduce federal debt, but at what cost?
Va., who is also on the Senate Budget Committee, about how President Trump's tariffs will affect the federal budget and the ...
Trump's tariff strategy could pay for his tax bill, but only if they stick, experts warn
The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but ...
US trade gap plummets as Trump tariffs take hold
The US trade deficit more than halved in April as President Donald Trump's global tariffs reversed an import surge that ...
Musk predicts Trump’s tariffs will cause recession amid growing spat with president
Former presidential adviser and confidante Elon Musk escalated his growing feud with President Trump by saying the ...
Trump ices out Musk in tax-cut bill feud: 'Not even thinking of him'
U.S. President Donald Trump is not interested in talking with Elon Musk, a White House official said on Friday, signaling the ...