
CBO Says Tariffs Will Be Bad; In Reality They Will Be Even Worse (2025)
This Policy Brief, prepared by Trade Partnership Worldwide staff, examines the Congressional Budget Office’s (CBO) recent assessment of economy-wide impacts of proposed tariffs on U.S. imports and argues that a dynamic trade model is necessary to capture 10-year impacts. Given CBO’s important role in legislative processes, it is critical to ask whether CBO’s approach fully captures the likely impacts of potential tariffs.
Click here to view the report.