Tariffs, 100-Day Timeline Pose Heavy Lift for Tax Cut Extension

Republicans are unlikely to use tariffs to offset an extension of Trump-era tax cuts in 2025, even though they’ll control both chambers of Congress, panelists said at a Bloomberg Government event Wednesday.

President-elect Donald Trump has promised to levy tariffs on foreign goods in hopes of rebalancing the trade deficit, and he has suggested they could offset some of the cost of extending individual provisions of the 2017 tax code overhaul during his first administration. Budget watchdogs estimate the 10-year cost of extending all the expiring provisions ticks in around $4.6 trillion.

But Republicans traditionally eager to eliminate obstacles to ...