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Trump tariffs would slash deficits by $2.8T but hamstring economy, raise inflation, says CBO

Trump tariffs would slash deficits by $2.8T but hamstring economy, raise inflation, says CBO

President Trump's tariffs would dramatically slash budget deficits through new revenues but also reduce the size of the U.S. economy and spark inflation that erodes the purchasing power of households and businesses, according to congressional budget scorekeepers.

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