Economic impact of tariffs up for debate

The June Producer Price Index report indicated that producer prices did not rise, according to the U.S. Bureau of Labor Statistics, suggesting that the U.S. has so far avoided significant economic fallout from the tariffs. Morgan Stanley analysts project that tariffs could bring in $2.7 trillion over the next decade, according to reporting from Fortune, while the Congressional Budget Office estimates they could reduce the deficit by $2.8 trillion but also slow economic growth.

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