CBO says tariffs could raise $4 trillion over next decade, raise prices

(The Center Square) — The Congressional Budget Office's estimated that President Donald Trump's tariffs could bring in $4 trillion over the next decade, but will raise consumer prices and reduce the purchasing power of U.S. families.

The most recent estimate includes changes to tariffs through Aug. 19 that CBO Director Phillip Swagel said reduce total deficits by $4 trillion altogether over the nex…