Skip to main content

Understand. Power. Act.

The Library

New

One story, all the way down.

Trump’s Tariff Strategy Collides With $2 Trillion US Deficit

The U.S. deficit neared $2 trillion as tariff refunds undercut a revenue source Trump has touted as a solution to debt.

Sources (1)· Oct 17, 2:35 AM

Every telling

their own versions

Newsweek· Oct 17, 2:35 AMTrump’s Tariff Strategy Collides With $2 Trillion US Deficit

The thread

Before

Trump waives key Russia-related sanctions, tariffs before they take effect under new law - Fri, 16 Oct 2026 PSTWASHINGTON – President Donald Trump waived key Russia-related U.S. sanctions and tariffs days before they were to take effect under a law he signed last month, including duties on the country’s goods and penalties for buying its oil and gas.

Spokane Spokesman-Review8h agoWhole story →

Trump Waives Russia Energy Tariffs, Sanctions in Graham LawPresident Donald Trump waived massive tariffs linked to Russian energy exports mandated in a law that he signed last month, as the measures complicated his push to lower diesel prices ahead of the US midterm elections.

Bloomberg8h agoWhole story →

Trump’s trade war doomed workers to ‘a whole career’ without a raise: economistPresident Donald Trump’s tariffs could leave American workers paying higher prices without the wage increases needed to keep up, according to economist Justin Wolfers, who warned that the financial damage could last an entire career. In his “Platypus Economics” Substack newsletter , Wolfers explained why Trump’s trade policies could have lasting…

Raw Story9h agoWhole story →

ICE pursuit takes bizarre turn as agency’s explanation faces 'jaw-dropping' challengeAn immigration enforcement operation that left a Houston man seriously injured has taken a stunning turn after a family recognized the photograph of the person federal agents claimed they were pursuing. Immigration and Customs Enforcement said agents were attempting to arrest Jose Mendoza Cervantes on Oct. 10 when Miguel Parra Hernandez, 48, fled from a…

Raw Story10h agoWhole story →

Trump Says There's Zero Chance of Replacing Susie Wiles"Balance of Power" focuses on the intersection of politics and global business. On today's show, Mick Mulvaney, former acting White House Chief of Staff and Co-Founder of the Freedom Caucus, says the Trump administration “set” Katie Zacharia “up to fail” by not giving her enough preparation before she began her five-day tenure as White House press…

Bloomberg10h agoWhole story →

Since

CENTCOM Commander: U.S. Blockade Imposed ‘Devastating Costs’ on Iran — IRGC Unable to Pay TroopsU.S. Central Command (CENTCOM) commander Adm. Brad Cooper revealed Friday that America's naval blockade and economic pressure campaign have inflicted “devastating costs” on Iran, denying the regime at least $25 billion in oil exports and leaving its Islamic Revolutionary Guard Corps (IRGC) unable to pay its own troops. The post CENTCOM Commander: U.S.…

Breitbart News Network7h agoWhole story →

Trump Waives New Russia Sanctions One Week After Diesel DealTrump on Friday signed an executive order setting, but immediately waiving, sweeping new tariffs and sanctions on Russia.

Newsweek7h agoWhole story →

Trump hands Russia a lifeline by killing Congress’ punishing war sanctions: NYTPresident Donald Trump has handed Russia an economic lifeline days before a punishing crackdown on Moscow's war chest was set to begin. Trump signed an executive order Friday night exempting Russia from penalties laid out in the Graham Act, The New York Times and the Associated Press reported. The law, named for Sen. Lindsey Graham (R-SC), who died in…

Raw Story6h agoWhole story →

Trump waives key Russia-related sanctions, tariffs before they take effect under new lawIn an executive order released by the White House, Trump said the waiver was in the national interests of the United States.

CNBC3h agoWhole story →

Trump waives tariffs on largest buyers of Russian oilPresident Trump prevented some new sanctions on Russia and hefty tariffs on large-scale buyers of Russian oil from taking effect late Friday, as he seeks to ease prices by tapping Russian energy.

CBS News2h agoWhole story →

More like this

similar stories in the archive

US fiscal 2026 budget deficit rises to $1.99 trillion, largest in 5 years - Fri, 16 Oct 2026 PSTThe US budget deficit rose by $217 billion to $1.99 trillion in the 2026 fiscal year, fueled in part by tariff refunds and record spending to service the nation's more-than $40 trillion in debt, marking the largest budget shortfall in five years, Treasury Department figures reported on Friday showed.

Spokane Spokesman-Review15h agoWhole story →

Federal budget deficit hits $2 trillion in first 11 months of FY2026Federal budget deficit hit $2 trillion after 11 months of fiscal year 2026, the CBO reported. Social Security, Medicare, Medicaid and national debt interest drove spending higher.

Fox Business1mo agoWhole story →

Health federal budget deficit report

Federal budget deficit climbs to $2 trillion as fiscal jitters multiplyThe federal budget deficit rose to nearly $2 trillion for the past fiscal year, spurred in part by ballooning interest payments and tariff refunds, the Congressional Budget Office reported Thursday.

Cable News Network8d agoWhole story →

Government federal budget deficit report

Congress’s $2 Trillion ProblemWhile lawmakers were out campaigning, Americans received grim news on the federal deficit.

National Review5d agoWhole story →

Economy federal deficit report

Federal budget deficit hits $2T as national debt costs surgeFederal budget deficit hit $2 trillion in fiscal year 2026, CBO data shows, as national debt interest costs surged and federal spending on Social Security and Medicare rose sharply.

Fox Business8d agoWhole story →

Health federal budget deficit report

U.S. Budget Deficit Surges to Nearly $2 Trillion, CBO ReportsThe federal budget deficit climbed to nearly $2 trillion in the fiscal year that ended Sept. 30, the Congressional Budget Office reported, deepening a pattern of persistent red ink that has alarmed budget analysts across the political spectrum. The gap between what the government collects in taxes and other revenue and what it spends widened […]

Natural News8d agoWhole story →

Economy federal budget deficit report

U.S. 2026 budget gap hits $1.97 trillion with month left to goThe federal budget deficit hit $1.97 trillion for the first 11 months of the fiscal year, one of the highest such figures on record and leaving the debt burden heading within a few years to levels unseen in U.S. history.

Spokane Spokesman-Review1mo agoWhole story →

Economy S 2026 federal budget update

US Deficit Approaching Grim Milestone — But News Met With Crickets From LawmakersThe deficit is almost $2 trillion

Daily Caller8d agoWhole story →

Economy federal deficit milestone

Trump’s Tariff Strategy Collides With $2 Trillion US Deficit – KnowGov