CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: lower inflation and unemployment—and higher GDP

The CBO analysis reveals that Trump's tariffs resulted in 166,000 lost blue-collar jobs and increased household costs by $1,700 annually, while potentially reducing tariff revenue and increasing the deficit by $2 trillion. Despite job losses and higher costs, the report suggests tariffs may have contributed to lower inflation, reduced unemployment, and higher GDP growth.

• →Tariffs were responsible for 166,000 lost blue-collar jobs in the last year.
• →American households faced $1,700 in additional annual costs due to tariffs.
• →Lost tariff revenue could increase the deficit by $2 trillion according to CBO projections.
• →The CBO highlights potential positive effects including lower inflation and unemployment rates.
• →Higher GDP growth is cited as another potential benefit of the tariff policies.