CBO: Trump’s Tariffs Could Cut the Deficit by $4 Trillion

On The Record with Christian Briggs · Aug 25, 2025 · 7m

Economist Christian Briggs joins NTD News to analyze the Congressional Budget Office’s new forecast showing President Trump’s tariffs could slash the federal deficit by $4 trillion over the next decade. Briggs explains why tariff revenues are outpacing expectations, how upcoming Supreme Court challenges could affect their longevity, and why wage growth will be the ultimate test of success. He breaks down the timing of revenue inflows, the potential inflationary trade-offs, and how manufacturing jobs with six-figure salaries may expand the tax base and fuel GDP growth. A forward-looking…