CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: Lower inflation and unemployment—and higher GDP

The Supreme Court’s decision to strike down the bulk of President Donald Trump’s tariffs has created a consolation prize for an administration hell-bent on using tariff revenue to bolster the U.S. economy. While the loss of an estimated $300 billion per year in income from tariffs has disappeared, fewer tariffs mean U.S. consumers and firms can breathe a sigh of relief over some alleviated pricing and labor challenges.

A Congressional Budget Office (CBO) report published on Thursday...