AP burying the lede here…
“President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.”
I don’t see how any prediction can possibly hold any water since tariffs are totally unpredictable and in flux, and the commerce volume effects they have are huge (and dependent on those rates). Deficit reduction itself is good, but it’s also a regressive tax that directly hits the consumer base.
But I will say the US was basically founded to avoid tariffs, and got real good at smuggling, too.
The letter agrees. It’s too unpredictable AND adds that what he’s doing hasn’t been done so they really have to comparison