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The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034. Trump tariffs would shrink the federal deficit, but also ...
A Congressional Research Service report found that in fiscal year 2024, the US collected about $77 billion in tariffs, largely reflecting the duties imposed during Trump’s first term and then ...
President-elect Donald Trump slammed a Washington Post story that said his aides are considering a watered-down version of his universal tariff plan. The dollar still fell on the report while ...
WASHINGTON (Reuters) -U.S. President-elect Donald Trump on Monday denied a newspaper report that said his aides were exploring tariff plans that would only cover critical imports, deepening ...
President Joe Biden largely re-upped Trump's policy in May — and added new tariffs on certain sectors. Biden exclusively told Sozzi at the time that the fresh tariffs were about " being fair ."
Trump’s plan for tariffs, tax cuts, reduced regulation, and a crackdown on immigration could lead to inflation rising by 2.7% by the end of 2025, JPMorgan hedged, with the Fed funds rate rising ...
Trump, who takes office on Jan. 20, 2025, said he would impose a 25% tariff on imports from Canada and Mexico until they clamped down on drugs, particularly fentanyl, and migrants crossing the ...
Elevated import levels could extend through the first quarter of 2025 as shippers seek to avoid any new tariffs under Trump, BMO Capital Markets analyst Fadi Chamoun said in a client note.