Roughly a third of the revenue boom resulted from Trump’s unprecedented, near-universal tariffs on imports. Yet more than half of the revenue increase came from rising wages and realized capital gains ...
The US economy has long been shielded from the unsustainability of its trade and budget deficits. It may not be for much longer. So much for President Donald Trump’s promise that his import tariff ...
WASHINGTON, DC - APRIL 10: U.S. Sen. Jeff Merkley (D-OR) speaks to reporters during a news conference on the impacts of the Republican budget proposal at the U.S. Capitol on April 10, 2025 in ...
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Kelly Evans: The deficit is down big
The explosion of the budget deficit was one of the most worrisome things that happened post-Covid. While inflation peaked in 2022, the deficit kept getting worse because of the "fiscal doom loop" ...
The Trump administration's tariff experiment is finally producing numbers big enough to match the rhetoric. The headline claim is stark: the trade gap that once stood at $136.4 billion has been cut to ...
Through President Donald Trump’s first full 10 months in office, the cumulative U.S. trade deficit in goods and services was down 3.9% from the same period in 2024. His claim that he has “slashed our ...
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