Trump tariffs increase income to US
The Congressional Budget Office released a report Wednesday detailing the budgetary and economic impact of President Trump’s tariffs. The top-line result: Even the Democrat-controlled CBO concedes that tariffs will reduce the deficit over the next decade.
Trump has every reason to celebrate. Tariffs shrink the deficit in one of two ways. They either raise revenue directly — as tariffs are a form of tax — or they do so indirectly, by reshoring industry and expanding GDP.
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This sounds like a good deal for the US that will benefit US taxpayers. What impact, if any on trade with other countries is not clear but it does have potential fo rsubstantially reducing the government deficit.

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