(The Epoch Times)—A report released on Friday by the Congressional Budget Office (CBO) predicted that President Donald Trump’s tariffs will reduce federal deficits by around $4 trillion over the next decade.
If Trump’s global tariff hikes continue, increased revenue could shrink primary deficits by $3.3 trillion and cut federal interest payments by $0.7 trillion over the next decade, the CBO said. The current top tariff rates may not hold as negotiations with trading partners and international legal challenges are ongoing.
“We estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows,” the budget office said in its report, adding that Trump’s tariffs would reduce “the need for federal borrowing.”
The CBO also said it “projects further increases in tariff revenues in the coming months” and that “if there are no further changes in tariff rates, we project that customs duties from new and existing tariffs will total about $200 billion this fiscal year.”
But the office cautioned that revenues often lag several months behind the implementation of tariff policies, noting that once the rates are in effect, they don’t get applied to goods that are already in transit to the United States.
“In addition, importers have the option to delay payments by up to six weeks by participating in Customs and Border Protection’s Periodic Monthly Statement program,” added the CBO, which is a federal agency within the legislative branch that provides budget and economic information to both houses of Congress.
In July, Congress passed the GOP-backed One Big Beautiful Bill Act that contained several major Trump priorities on energy, the border, spending, and tax cuts. The CBO has said that it would add around $3.4 trillion to the national deficit over the coming decade, although the White House has disputed those figures.
The Trump administration has also said that the tariffs and policies initiated under the One Big Beautiful Bill Act, which Trump backed and signed into law, would bring forth economic growth over the coming years that would offset any additions to the national deficit.
“It was the largest tax cut for middle and working class families in our nation’s history, and the president wants to see this country get our fiscal house in order. That’s why this was a fiscally responsible bill,” White House press secretary Karoline Leavitt told reporters on July 21 in response to the CBO report on the bill.
In a statement on Thursday, the White House again touted the bill by posting excerpts from a series of recent newspaper articles that praised the measure. Earlier this month, the administration also said that Americans would see an average tax cut of $3,752 under the bill, citing a report from nonprofit organization the Tax Foundation.
Friday’s report from the CBO comes as Canadian Prime Minister Mark Carney announced that Canada would scrap some of its retaliatory tariffs against the United States. Trump imposed tariffs on Canada and Mexico earlier this year, saying those measures were necessary to curb illegal immigration and fentanyl trafficking into the country.
“We have the best deal of anyone in the world right now,” Carney told reporters in Ottawa. “Today, the Government of Canada is harmonizing its tariffs with the U.S.”
Three Reasons a Coffee Gift Set From This Christian Company Is Perfect for Christmas
When you’re searching for a Christmas gift that’s meaningful, useful, and rooted in faith, you don’t want to settle for anything generic. This season is filled with noise — mass-produced products, last-minute picks, and trends that fade as quickly as they appear. But one gift stands apart because it blends genuine quality with a message that matters: a coffee gift set from Promised Grounds Coffee.
This small Christian-owned company has become a favorite among believers who want to support faith-driven businesses while giving friends and family something they’ll actually enjoy. Here are three reasons a Promised Grounds Coffee gift set may be the most thoughtful and impactful present you give this year.
1. It’s Truly Delicious Coffee
Too many “gift-worthy” coffees look beautiful in the package but disappoint when the cup is poured. Promised Grounds takes the opposite approach — exceptional taste first, thoughtful presentation second.
Their beans are sourced with care, roasted in small batches, and crafted to bring out a rich, smooth flavor profile that appeals to both casual drinkers and true coffee lovers. Whether someone enjoys bold, dark roasts or lighter, more delicate blends, every sip reflects quality that stands shoulder-to-shoulder with the biggest specialty brands.
Simply put: this coffee is good. Really good. Some say it’s absolutely fantastic. If you want a gift that won’t be re-gifted, ignored, or shoved in a cabinet, this is it.
2. It Spreads the Word While Serving a Real Purpose
There are many Christian gifts that are meaningful… but not exactly practical. There are also useful gifts that have nothing to do with faith. Promised Grounds Coffee bridges both worlds beautifully.
Each gift set delivers an encouraging, faith-centered message through its packaging and presentation — a simple but powerful reminder of God’s goodness during the Christmas season. The cups are especially popular and serve as a daily reminder of the blessings from our Lord. At the same time, the product itself is something people will actually use and appreciate every single day.
It’s a gift that uplifts the spirit and fills the mug. A gift that points loved ones toward Scripture while still being part of the normal rhythm of life. And in a culture that increasingly pushes faith to the margins, giving a gift that quietly but confidently honors Christ can make a deeper impact than you might expect.
3. It’s Affordable, Valuable, and Elegantly Presented
Many people want to give something meaningful without breaking their Christmas budget. Promised Grounds Coffee strikes that perfect balance — the sets look and feel premium, but the price remains accessible.
The packaging is classy, clean, and gift-ready, making it ideal for:
- Family members of all ages
- Co-workers or employees
- Church friends or small-group leaders
- Hosts, neighbors, and last-minute gift needs
It’s the kind of gift that feels more expensive than it is — and more thoughtful than most of what you’ll find on store shelves.
The Perfect Blend of Faith, Flavor, and Christmas Cheer
A coffee gift set from Promised Grounds Coffee checks every box: a gift that tastes amazing, conveys your faith, supports a Christian business, and brings daily enjoyment to the person who receives it. In a season when so many gifts are forgotten, this one stands out for all the right reasons.
If you want a Christmas present that reflects your values and delivers genuine joy, Promised Grounds Coffee is the perfect place to start.
