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Trump's tariffs will reduce deficit by $4 trillion

Desert Storm

Desert Storm

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Trump's tariffs will reduce the deficit by $4 trillion, but thats over the 2025-2035 period.
This according to the Congressional Budget Office (CB), which is not thought to be a friend of Republican presidents or Congress.

www.foxnews.com

MORNING GLORY: Are President Trump’s tariffs actually working?

If so, will skeptics revise their disdain for them?
www.foxnews.com www.foxnews.com
 
Desert Storm said:
Trump's tariffs will reduce deficit by $4 trillion, but thats over the 2025-2035 period.
This according to the Congressional Budget Office (CB), which is not thought to be a friend of Republican presidents or Congress.

www.foxnews.com

MORNING GLORY: Are President Trump’s tariffs actually working?

If so, will skeptics revise their disdain for them?
www.foxnews.com www.foxnews.com
Click to expand...
Yeah, the tariffs are a disaster that is already impacting our economy and driving us to recession. All the cope in the world from maga won't change it. IT's just math.
 
Desert Storm said:
Trump's tariffs will reduce deficit by $4 trillion, but thats over the 2025-2035 period.
This according to the Congressional Budget Office (CB), which is not thought to be a friend of Republican presidents or Congress.

www.foxnews.com

MORNING GLORY: Are President Trump’s tariffs actually working?

If so, will skeptics revise their disdain for them?
www.foxnews.com www.foxnews.com
Click to expand...
:ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:
Never happen.
Any reduction was offset by Trump's tax cuts to the rich and corporations.
Enjoy the exploding debt!
Be sure to blame Democrats when at all possible.
 
Tax increases tend to do that but trust me, they won't last that long.
 
Desert Storm said:
Trump's tariffs will reduce deficit by $4 trillion, but thats over the 2025-2035 period.
This according to the Congressional Budget Office (CB), which is not thought to be a friend of Republican presidents or Congress.

www.foxnews.com

MORNING GLORY: Are President Trump’s tariffs actually working?

If so, will skeptics revise their disdain for them?
www.foxnews.com www.foxnews.com
Click to expand...
Think for a minute. If exporters are charged more money to send their goods to the US, what happens to the price of goods?
 
Desert Storm said:
Trump's tariffs will reduce the deficit by $4 trillion, but thats over the 2025-2035 period.
This according to the Congressional Budget Office (CB), which is not thought to be a friend of Republican presidents or Congress.

www.foxnews.com

MORNING GLORY: Are President Trump’s tariffs actually working?

If so, will skeptics revise their disdain for them?
www.foxnews.com www.foxnews.com
Click to expand...
Wow. We’re paying $2 trillion a year in new taxes that Congress didn’t vote on?

That sounds like a terrible way to run a country.
 
lynnwinslow said:
Think for a minute. If exporters are charged more money to send their goods to the US, what happens to the price of goods?
Click to expand...
There is way to much throw away spending on the cheap crap from the likes of Temu and Shein.
 
Alas, this tax on the middle class will also shrink the economy and reduce Americans’ purchasing power, per that post.

We estimate that the changes in tariffs, both by the United States and its trading partners, will reduce the size of the U.S. economy. That reduction in output reflects both negative and positive effects: the negative effects of higher tariffs through channels such as reduced investment and productivity, and the positive effects of additional revenues from tariffs on U.S. imports, which would reduce federal borrowing and increase the funds available for private investment.

The increases in tariffs will make consumer goods and capital goods (the physical assets that businesses use to produce goods and services) more expensive, which will reduce the purchasing power of U.S. consumers and businesses. Those increases in costs will put temporary upward pressure on inflation.
Click to expand...

www.cbo.gov

An Update About CBO's Projections of the Budgetary Effects of Tariffs

As tariffs changed frequently throughout 2025, CBO has regularly updated the Congress about projected tariff revenues; this blog post is the latest in that series.
www.cbo.gov www.cbo.gov
 
Queen Margo said:
There is way to much throw away spending on the cheap crap from the likes of Temu and Shein.
Click to expand...

Because Americans can’t afford more expensive stuff.

Are you saying you want to reduce consumer spending? You want a contraction in the economy, aka a depression?
 
Like telling your wife upon your return from a poker trip to Vegas you won $3 grand without telling her the game buy-in was $5 grand.

MAGAS cannot seem to grasp the concept that all the boasting is about using THEIR OWN money to pay down their deficit. Comical stuff when viewed through the lens of irony.
 
Queen Margo said:
So?
Click to expand...
If you want to respond with logical fallacies, you do you. And I'll point them out. 🤷‍♀️

FYI, "cheap crap" is only a small part of this equation. Cars, food, building materials, etc. will also be impacted.
 
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Brusan said:
Like telling your wife upon your return from a poker trip to Vegas you won $3 grand without telling her the game buy-in was $5 grand.

MAGAS cannot seem to grasp the concept that all the boasting is about using THEIR OWN money to pay down their deficit. Comical stuff when viewed through the lens of irony.
Click to expand...

Yep, could have just had a modest tax increase and accomplished the same and more without alienating all of our trade partners.

Geniuses playing checkers by blackjack rules, shrieking "Uno!" at every roll of the dice.
 
If the cost is too high, quit buying it!
 
dmpi said:
If the cost is too high, quit buying it!
Click to expand...

So reduce consumer spending and have a contraction in the economy?

What happens when it’s something you have to buy and the cost is too high?
 
And what does the CBO project inflation to do as a result of the new import taxes?
 
Should just tax the rich to pay down the debt.

But that makes so much sense the right will never go for that.

The right has to defend billionaires. It is unclear why, other than they are duped.
 
You mean the American people will. If Trump doesn’t spend it that is.
 
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