Currently, the federal debt of the United States amounts to 37.18 trillion dollars, according to data from the Treasury Department, and has continued to rise under different administrations, since public spending consistently exceeds revenues.
This significant reduction in the fiscal deficit reflects the potential of the reciprocal tariffs implemented by Trump
Currently, the federal debt of the United States amounts to 37.18 trillion dollars, according to data from the Treasury Department, and has continued to rise under different administrations, since public spending consistently exceeds revenues.
According to Oxford Economics, in August, United States tariffs, considering both countries and products, reached an average of 16.7%, compared to 15.1% recorded in June.
Meanwhile, the Customs and Border Protection Office reported that so far in the fiscal year, more than 26 billion dollars have already been collected in tariffs, a figure much higher than the mere hundreds of millions obtained during the previous period, according to the analysis.
This change in tax collection reflects the potential of Trump's reciprocal tariffs as an immediate source of revenue for the State. Although its sustainability depends on political factors, such as trade negotiations with other countries, the CBO considers that, if maintained, the scheme could constitute a decisive contribution to significantly reducing the U.S. deficit and the rising debt in the medium and long term.
The reciprocal tariffs implemented by the president of the United States, Donald Trump, could reduce the country's fiscal deficit by about 4 trillion dollars over the next decade, according to the Congressional Budget Office (CBO) this Friday.
According to the agency, which serves as an independent analyst for Congress, the increase in tariff revenues would reduce primary deficits by approximately 2.5 trillion dollars and decrease federal debt interest payments by another 700 billion.
The current projection represents an upward adjustment compared to June, when the CBO had estimated a cut of USD 2.5 trillion in primary deficits and USD 500 billion in financial costs.
This increase in revenue could help offset the impact of the tax cut package, the largest in the country's history, approved by Republicans at the beginning of the year.