President Donald Trump's increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 trillion over the next decade, the Congressional Budget Office estimated on Friday.

The $4 trillion figure is notably higher than previous CBO estimates because of recent changes to tariffs, according to the office.

By Jack Phillips Contributing Writer A report released on Friday by the Congressional Budget Office predicted that President Donald Trump’s tariffs will reduce federal deficits by around $4 trillion over the