Trump Hating Liberals now say Trump was right about Tariffs

[Libhater]

For years, the media mocked Trump's First Tariff Strategy.

The Congressional Budget Office (CBO) have been forced to admit the truth, that Trump's tariffs are projected to
cut the deficit by an astounding $4 Trillion.

The results of Trump's economic agenda speak for themselves:


* Deficits are down

* Taxes are down

* Business regulations are slashed

* Energy prices are falling

* Consumer prices are stabilizing

* Take-home pay is rising

* The stock market is surging

* Inflation at record lows

* America has the hottest economy in the world

 

[Diesel]

For years, the media mocked Trump's First Tariff Strategy.

The Congressional Budget Office (CBO) have been forced to admit the truth, that Trump's tariffs are projected to
cut the deficit by an astounding $4 Trillion.

The results of Trump's economic agenda speak for themselves:


* Deficits are down

* Taxes are down

* Business regulations are slashed

* Energy prices are falling

* Consumer prices are stabilizing

* Take-home pay is rising

* The stock market is surging

* Inflation at record lows

* America has the hottest economy in the world

What's your source?

 

[Jade Dragon]

What's your source?

His ass.

 

[Libhater]

What's your source?

Congressional Budget Office (CBO)

https://finance.yahoo.com/news/trumps-tariffs-could-reduce-us-170910206.html

 

[IBDaMann]

For years, the media mocked Trump's First Tariff Strategy.

Well, they had to. Trump's strategy placed a target on the IRS and the income tax, almost an existential threat to the DNC. Tack onto that the need to demonize everything about Trump, and to promulgate the disinformation with hyped fear and panic, and you set Trump up for the biggest win of the century, and yet another example of disillusioned Democrats wondering "How the F did that happen?"

The Congressional Budget Office (CBO) have been forced to admit the truth, ...

Be very, very careful whenever someone is said to have been "forced to admit the truth." That is usually just a phony/exaggerated narrative that the speaker wants us to believe. If you've ever discussed politics with a leftist, you know full well that nobody can be forced to admit the truth.

that Trump's tariffs are projected to cut the deficit by an astounding $4 Trillion.

Operative word: "projected"

We still need to wait and see. Always remember that tariffs are a negotiation tool, and that tariff revenue is not the main goal. The MAGA objective is to build up the American economy. Tariff revenue can be sacrificed as a trade off for bringing jobs to the US, as an example. Of course, improvements to the economy increase tax revenues which cut the deficit as well, but we don't know how effective, overall, the tariffs will be in cutting the deficit. Nobody is omniscient, so nobody can somehow "project" the correct answer.

The results of Trump's economic agenda speak for themselves:
* Deficits are down
* Taxes are down
* Business regulations are slashed
* Energy prices are falling
* Consumer prices are stabilizing
* Take-home pay is rising
* The stock market is surging
* Inflation at record lows
* America has the hottest economy in the world

Congress will have to do their part to take advantage of what Trump has accomplished in order to solidify your list, but yeah, Trump has certainly done his part.

 

[Diesel]

Congressional Budget Office (CBO)

https://finance.yahoo.com/news/trumps-tariffs-could-reduce-us-170910206.html

I see, thank you.

Did you read this part?

"The current top tariff rates may not hold as negotiations with trading partners and international legal challenges are ongoing.

"But the additional tariff revenue could help offset the deficit increases triggered by the Republicans' tax-cut and spending bill passed this year. CBO estimated this would widen the deficit by $3.4 trillion over the next decade."

Also, if you idiots don't have to trust BLS, then I don't trust CBO. Even Stevens.

 

[IBDaMann]

What's your source?

Congressional Budget Office (CBO)

Your source is Yahoo! News, who is asserting their "read" of the CBO's statement.

What the CBO actually asserts is that the latest (current) modification of deficit reduction by the ever-changing tariff structure is $4 trillion, with significant uncertainty factored in.

Actual CBO position:

As of August 19, we estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows. We project that increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period. By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether.

Because of recent changes in tariffs, those estimates are larger than the $2.5 trillion decrease in primary deficits and $0.5 trillion reduction in interest outlays that we projected in early June in a report that examined the effects of the tariffs implemented between January 6 and May 13, 2025. Both the current and earlier estimates use the same methods to generate the projections of tariff revenues, which are mainly based on data from the Census Bureau, Customs and Border Protection, and the Treasury. The methods account for a diversion of trade from countries facing high tariff rates to other countries facing lower tariff rates. The estimates are subject to significant uncertainty, largely owing to questions about timing, possible exceptions, and a lack of precedents.

 

[Nordberg]

The average consumer is losing 2500 bucks a year at least to Trump's stupid tariffs. Trump knows nothing about economics. He relies on bullying and threats. He is losing a lot of respect around the globe.

 

[gfm7175]

The average consumer is losing 2500 bucks a year at least to Trump's stupid tariffs.

How do you figure?

Trump knows nothing about economics.

YOU know nothing about economics.

He relies on bullying and threats.

Cry me a river.

He is losing a lot of respect around the globe.

Then why are world leaders all around the globe constantly flying to the White House to meet with him?