Analysis: Trump Tariffs Could Cancel Out Benefits of GOP Tax Cuts

(The Center Square) – President Donald Trump's tariffs could cancel out the economic benefits of the GOP's tax cuts, according to a new analysis from the Tax Foundation. "Our analysis finds the current U.S.-imposed and scheduled tariffs threaten to offset much of the economic benefits of the tax cuts, while falling short of paying for them," according to a report from the national nonprofit. The tax cuts included in the One Big Beautiful Bill Act are expected to cost about $4 trillion over the next decade, or about $3 trillion factoring in economic growth. At the same time, Trump's tariffs are expected to drag on the U.S. economy.

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Full story: https://www.thecentersquare.com/national/article_eaed6a01-7d70-41ba-9ddf-b5f4ac95b2cb.html

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