Trump’s loss of $1.7 trillion in tariff revenue will send the national debt to $58 trillion by 2036, think tank projects
A landmark Supreme Court ruling against President Trump’s tariffs has cost the federal government an estimated $1.7 trillion in projected revenue through 2036, according to a new analysis by the Committee for a Responsible Federal Budget (CRFB), setting the United States on a course toward a national debt of $58 trillion within the next decade if the country continues its current rate of spending.
The nonpartisan fiscal watchdog, which released its findings on Tuesday, found that the...