The Congressional Budget Office is out with new estimates around the President’s tariff plan.
They now say tariffs will reduce the deficit by more than $2 trillion, but the new report comes with a catch. The Office says those savings will be negated by the cost of the President’s “Big, Beautiful Bill,” which is currently in the hands of the Senate. CBO estimates now show that tariffs will save the U.S. around $2.5 trillion over the next decade, along with shrinking the size of the U.S. economy.
The overall tariff rate right now on most countries stand between 10 and 15 percent.
Related Stories
Purdue University’s Dr. Michael Langemeier discusses the survey’s findings in February and broader signals in the months ahead.
Heightened Chinese inspections increase trade volatility for U.S. livestock exporters.
U.S.-Mexico agricultural trade faces uncertainty in 2026 as tariffs and cartel violence threaten farmers and ranchers. Congressman Henry Cuellar and Texas leaders weigh in on impacts and risks.
Policy awareness is becoming part of everyday risk management.
Ag leaders say President Donald Trump’s State of the Union is unlikely to spark major agriculture headlines, but ongoing tariff uncertainty and trade policy remain key concerns, as does the debate around glyphosate and the status of the next Farm Bill.
Expanded global trade access boosts long-term export demand potential for U.S. ag products.
