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Index/Topics/2025 Tariff Policy Impact

2025 Tariff Policy Impact

The impact of the 2025 tariff policy on the U.S. economy and federal deficits, including revenue, legal risks, and macroeconomic effects.

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Jan 13, 2026
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How did tariff revenue in 2025 affect the federal deficit and who benefited from it?

Tariff policy enacted in 2025 meaningfully raised customs-duty receipts and—on conventional scoring—reduced projected federal deficits by trillions over the next decade, but the net fiscal picture is ...