Here’s another unappreciated benefit of President Donald Trump’s tariffs: They’re now projected to slice the federal deficit by a whopping $4 trillion over the next decade.

That’s the latest estimate by the nonpartisan Congressional Budget Office, which projects new tariff revenue will fuel a $3.3 trillion drop in federal red ink through 2035, plus another $700 billion in interest-cost savings.

The new figures are based, in part, on the new revenue now streaming in to Uncle Sam’s coffers: CBO now sees tariff proceeds totaling $200 billion this year, up from the $80 billion it projected as recently as January.

July revenues alone were stunning , setting a record at nearly $30 billion — 242% more than the tariff take in July 2024.

All told, the $4 trillion slashed from the deficit ecl

See Full Page