GeneralNeutralFortune Crypto · Mar 66/10
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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.
