Here's why $1 trillion just got lopped off Trump's expected tariff windfall

[Yo_Mama_Been_Loggin]

The Congressional Budget Office (CBO) slashed its estimate of tariff revenues this week, dampening the projected deficit reduction by $1 trillion compared to what was previously thought.

This downward change — and a new total savings figure of $3 trillion by 2035 instead of the $4 trillion the agency projected in August — came as a result of both a recent tariff-lowering spree from President Trump as well as a greater understanding the CBO says it now has of goods moving into the US duty-free.

As director Phillip Swagel put it in his posting, the group's August calculation found that Trump 2.0 tariffs had increased America's overall effective tariff rate by 18 percentage points. But when they reran the numbers this week, it was down to a 14 percentage point bump.

The change is partly a reflection of how Trump's up-and-down tariff moves this year have more recently trended downward. The CBO cited the recent lowering of duties on goods from China, the European Union, and Japan, as well as the recent loosening of tariffs on auto parts, lumber, and certain agricultural products.

https://finance.yahoo.com/news/heres-why-1-trillion-just-got-lopped-off-trumps-expected-tariff-windfall-180131433.html

They're basically shitty with numbers.

[ProfessorGAC]

1. 10 Year Projection?

That's purely stupid. Why is CBO even wasting time analyzing something that is unlikely to be sustained got 10 years.
Oh, and I think they're still overestimating the revenue.