The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but experts from across the political spectrum question whether the tariff revenue is sustainable.

An appeals court allowed the Trump administration to continue collecting the tariffs while the case goes through appeals. Largely confirming what other economic models have predicted, the CBO’s ...

Congress's top budget scorekeeper released two reports Wednesday that, taken together, suggest tariff revenues could offset some or all of the multitrillion-dollar costs likely coming from Trump's "big,

President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.

The nonpartisan Congressional Budget Office handed Republicans a major political talking point Wednesday, with projections that showed the possibility for President Donald Trump’s tariffs to bring in more federal revenue than will be lost by his giant tax-cut plan.

The nonpartisan Congressional Budget Office announced Wednesday that the Trump legislative agenda bill approved by GOP House representatives would tack more than $2.4 trillion to the national debt over a decade.