Economists generally view tariffs as a double-edged sword.

Tariffs do generate federal revenue. But that revenue is nowhere near large enough by itself to close the federal deficit, ...

Trump has credited tariffs with cutting the federal deficit on a historic scale. Treasury figures point to a more complicated picture, especially after large June tariff refunds. Donald Trump claimed ...

The federal government's tariff windfall is evaporating faster than expected, and the Congressional Budget Office says it's blowing a $200 billion hole in this year's budget. CBO now projects the ...

WASHINGTON, July 13 (Reuters) - Growing refunds ‌from President Donald Trump's tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S. Treasury ...

President Donald Trump’s tariffs are bringing in far less money than previously projected, helping push the expected federal deficit for fiscal 2026 up by $200 billion, according to a new projection ...

CNBC's Megan Cassella reports on the federal budget deficit and tariff refunds. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your ...

The U.S. trade deficit for goods shrank by about 4% in June from the month before, according to new data from the Census Bureau. Shrinking does not mean the deficit is by any means small; the U.S.

Mr. Trump's pledge to give $5,000 to Americans would stoke inflation and worsen the nation's fiscal outlook, according to ...

For the first time in months, the US government took in more tariff revenue than it paid out in refunds, as the $166 billion ...

Aug 12 (Reuters) - The U.S. federal budget deficit for July jumped to $432 billion, a record for the month, as higher outlays and more negative tariff revenues also brought the 2026 ...

President Donald Trump has repeatedly pointed to tariffs as a key tool for reshaping U.S. trade — and he has argued that a falling trade deficit proves the policy is working. "THANK YOU MR. TARIFF!" ...