The CBO Just Dropped a $4 Trillion Truth Bomb on the Dems’ Anti-Trump Tariffs Rhetoric
Matt Margolis | 1:28 PM on August 23, 2025
Ever since Trump’s first term, the political and media establishment told us that his trade policies were reckless, destructive, and doomed to wreck the U.S. economy. Every so-called expert on cable TV preached that they would crush American consumers, tank the stock market, and send our economy into a spiral.
We’re still waiting for that to happen.
Here we are in Aug. 2025, and the Congressional Budget Office just dropped a bombshell that completely shatters the left’s narrative against Trump’s tariff strategy.
As of August 19, we estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows. We project that increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period. By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether.
That’s no rounding error.
The numbers are simply eye-popping, and they tell the story that the media doesn’t want you to know.
Let’s put that in perspective. Back in June, the CBO had already stunned critics by predicting Trump’s tariffs would shrink the deficit by $3 trillion. That was based only on trade actions taken through May 13.
Trump, naturally, celebrated the news on Truth Social.
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READ MORE: https://pjmedia.com/matt-margolis/2025/08/23/the-cbo-just-dropped-a-4-trillion-truth-bomb-on-the-dems-anti-trump-tariffs-rhetoric-n4942971
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