The increase in tariffs raises the country's Effective Tariff Rate (ETR) to approximately 25%, potentially generating as much as $800 billion in revenue. According to Fitch, this could offer some temporary relief to the budget deficit. However, the agency warns that the long-term fiscal impact of the tariffs remains uncertain.
Despite the anticipated revenue from tariffs, the U.S. still faces deep-rooted fiscal challenges. Public debt continues to rise, and the structural deficit remains a key concern. Fitch cautions that without broader fiscal reforms, tariffs alone will not be enough to put the U.S. on a sustainable fiscal path.
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