"The 'Big Ugly Bill' is gonna add $2.4 TRILLION to the debt! AAAHHH!!!"
Yeah. Over the next DECADE. Or $240 billion per year, on average.
Our Trade Deficit in 2024 was $918 billion.
So if Trump's tariffs and his Trade Deals lower our Trade Deficit from $918 billion a year
to something under $678 billion a year, the additional debt will be "canceled".
And we're well on our way in that direction:
"The federal government collected $68.9 billion in tariffs and excise taxes in the first five months of 2025."
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