The new report from the Congressional Budget Office is surprising, even stunning.

Yes: Questions always arise from “supply-siders” about the CBO scoring mechanism. Whatever the agency’s methodology, the new report on Trump’s tariffs ought to have received more attention:

Phillip Swagel—the CBO’s director wrote: “We project that increases in tariffs implemented during the period from January 6, 2025, to August 19, 2025 will decrease primary deficits …  by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period.”

I’m well aware that there are plenty of skeptics on tariffs. Historically speaking, that would be me, too. But: Numbers are numbers and $4 trillion in deficit reduction means $4 trillion less in national debt.

Debt hawks out there who are also free traders should be taking note and adjusting.

The new report from the Congressional Budget Office is surprising, even stunning.
Yes: Questions always arise from &ldquo;supply-siders&rdquo; about the CBO scoring mechanism. Whatever the agency&rsquo;s methodology, the new report on Trump&rsquo;s tariffs ought to have received more attention:
Phillip Swagel&mdash;the CBO&rsquo;s director wrote: &ldquo;We project that increases in tariffs implemented during the period from January 6, 2025, to August 19, 2025 will decrease primary deficits &hellip; &nbsp;by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period.&rdquo;
I&rsquo;m well aware that there are plenty of skeptics on tariffs. Historically speaking, that would be me, too. But: Numbers are numbers and $4 trillion in deficit reduction means $4 trillion less in national debt.
Debt hawks out there who are also free traders should be taking note and adjusting.

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