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Trump Touts 'Incredible' Tariff Strategy After Congressional Budget Office Projects $4 Trillion Deficit Cut, Even As Economists Warn Of Slower Growth

Market Impact

Ananya Gairola

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August 23, 2025

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Benzinga

The Congressional Budget Office projects President Donald Trump's tariffs will cut U.S. deficits by $4 trillion over the next decade, but economists warn of long-term growth risks and legal challenges despite Trump hailing the policy as a major success.

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