To a decrease in deficit by $ 4 trillion dollars could go up the growing duties imposed by US President Donald Trump on imported products from other countries over the next decade, according to a today’s (22.8.2025) assessment of the Congress Budget Office (CBO).
If the increases in duties continue, increased revenue will shrink primary deficits by 3.3 trillion. dollars and will reduce interest on the country’s federal debt by 0.7 trillion. The next decade, the CBO, a Congressed CBO, said the CBO.
Today’s high duties, however, may not be in the future, as negotiations with US trade partners continue and several legal appeals are also pending. But the additional revenue could cover the deficits caused by the tax law approved by the Republicans this year. The CBO estimated that by applying this law, which provides for tax cuts and expenditure, the deficit would increase by 3.4 trillion. within the next ten years.
The US federal debt amounts to 37.18 trillion. dollars, according to the finance ministry. It continued to grow both under Republican and Democratic governments and Congress continues to approve the federal government’s spending increases.
By the end of September, Congress should again approve bills that increase expenditure to avoid the closure of government services.
Duties in countries and products stood at 16.7% in August, on average, significantly increased compared to the 15.1% in June.