The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies would reduce the deficit by $2.8 trillion over the next decade, but raise inflation and shrink the size of the economy.

After an uproar, Trump paused most of the tariffs for 90 days to hammer out trade deals with specific countries. Separately on May 29, a federal judge blocked the Trump administration from collecting tariffs from a pair of Illinois toy importers.