[CBO Lowers Estimate of Trump's Tariff Policy Impact on Deficit Reduction] The U.S. Congressional Budget Office (CBO) estimates that if Trump's policy of increasing tariffs on foreign imports continues until 2035, the U.S. fiscal deficit will be reduced by $3 trillion, down from the $4 trillion forecast in August. CBO stated that over the next 11 years, the primary fiscal deficit will decrease by $2.5 trillion, and government borrowing costs will drop by approximately $500 billion, compared to the August estimates of $3.3 trillion and $700 billion, respectively. This revision is based on new data and recent adjustments to tariff policies by the Trump administration.