How Much can Tariffs Increase the Deficit

We ran some numbers on how much the deficit can go up if tariffs increase interest rates

Photo by Torsten Dederichs on Unsplash

The administration is in the process of implementing additional tariffs on certain countries (or perhaps a delay).

Tariffs will raise revenue for the national government, however, there is an extremely good chance that this might cause additional inflation, and it could last for several years. Additional inflation causes interest rates to go up.

The current national debt is about $36.5 trillion.