On August 27, Alexander B. Gray, nonresident senior fellow of the GeoStrategy Initiative of the Scowcroft Center, appeared on Fox News to discuss the fiscal implications of President Trump’s tariff policy. He argued that revenue from the tariffs will have a positive impact on the national deficit.
It is logical to assume that we are going to start seeing a big part of this paying down the deficit and contributing to putting us in a better fiscal position. That may not have been President Trump’s top goal when he announced his tariff policy, but I think it is a positive effect and one that I think will actually help contribute to a bipartisan continuation of support for his tariffs for many years to come.
