The Budget Lab at Yale University estimates that, as of 28 July 2025, the average effective tariff rate imposed by the US on ...

Donald Trump’s just-passed One Big Beautiful Bill Act keeps corporate and personal income taxes low, which is good for U.S.

Before the passage of the One Big Beautiful Bill Act (OBBBA), the White House Council of Economic Advisers (CEA) ...

Two projections show that the Trump administration's tariff revenues would not cover the next 10 years of projected deficits ...

Why do we need rebates if foreign nations are paying the tariffs?” asked one Republican of a proposal in Congress to send ...

The letter also said that tariffs will increase inflation "by an annual average of 0.4 percentage points in 2025 and 2026, in CBO’s estimation, reducing the purchasing power of households and ...

Trump's tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says A Tariff Free sign to attract vehicle shoppers is at an automobile dealership in Totowa, N.J., on ...

After accounting for that change in the size of the economy, CBO estimates that the changes in tariffs will reduce total federal deficits by $2.8 trillion," the letter said.

After accounting for that change in the size of the economy, CBO estimates that the changes in tariffs will reduce total federal deficits by $2.8 trillion,” the letter said.