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.

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.”

  • Misspelledusernme@lemmy.world
    2·
    2日前

    Maybe im just dumb. But when I read “shrink the economy”, I thought it meant negative GDP growth. But they actually mean a 0.06%-pnt reduction in the positive GDP growth. i think they should have used a better word.