The Newshound

Trump's tariff plan collides with a nearly $2 trillion US deficit after $145bn in court-ordered refunds

The Treasury put America's 2026 shortfall at $1.992 trillion, roughly 12 percent above last year's $1.775 trillion. It is the third-worst deficit in US history, beaten only by the pandemic years of 2020 and 2021. Revenue hit an all-time high of $5.40 trillion, yet outlays

MoreNewsweekTrump’s Tariff Strategy Collides With $2 Trillion US DeficitReutersUS annual budget gap hits nearly $2 trillion, largest in 5 yearsWashington Times$2 trillion man: Trump oversees deep deficit in 2026Financial TimesRepublicans turn on Trump’s tariffs in battle for ‘political survival’Raw StoryTrump’s trade war doomed workers to ‘a whole career’ without a raise: economist
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