US Budget Office: Trump's Tariffs on Foreign Goods Could Reduce Budget Deficit by $2.8 Trillion Over 10 Years

According to a report by Jinse Finance, the U.S. Congressional Budget Office (CBO) stated that tariffs imposed by Trump on foreign goods could reduce the budget deficit by $2.8 trillion over 10 years. Due to Trump's tariff policy, U.S. economic output will decline.