The Trump administration's tariffs generate approximately $30 billion monthly, which Commerce Secretary Howard Lutnick claims could help reduce the deficit. However, this revenue falls far short of covering the projected $3.4 trillion deficit from new tax and spending legislation, along with an existing $21.8 trillion deficit over the next decade. Economic analyses indicate that while tariffs increase federal revenue, consumers will bear much of the cost. Officials from organizations like the Congressional Budget Office confirm that tariff revenues won't sufficiently address the government's financial shortfalls.
Under the Trump administration's tariff policies, the U.S. is collecting about $30 billion a month in tariffs, yet this revenue will not offset the projected deficits.
The Congressional Budget Office projects that the 10-year tariff revenue increases will not cover the $3.4 trillion added deficit from Trump's tax legislation.
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