Trump Tariffs Would Boost Inflation, Shrink Economy, CBO Finds
December 19, 2024
December 19, 2024
WASHINGTON, Dec. 19 -- Sen. Sheldon Whitehouse, D-Rhode Island, chairman of the Senate Budget Committee, issued the following news release:
Trump's tariffs, which he proposed on the campaign trail, would hike prices on everyday goods and shrink the economy, according to a new estimate from the nonpartisan Congressional Budget Office (CBO). The estimate was requested by Senate Budget Committee Chairman Sheldon Whitehouse (D-RI), Senate Majority Leader Chuck Schumer (D-NY), and S . . .
Trump's tariffs, which he proposed on the campaign trail, would hike prices on everyday goods and shrink the economy, according to a new estimate from the nonpartisan Congressional Budget Office (CBO). The estimate was requested by Senate Budget Committee Chairman Sheldon Whitehouse (D-RI), Senate Majority Leader Chuck Schumer (D-NY), and S . . .