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U.S. posts surprise $27 billion budget surplus in June, boosted by tariffs
UNITED STATES, JUL 11 – Tariff revenues surged 301% from June 2024, generating $27 billion and marking the first June surplus in years amid ongoing high federal deficits.
- The U.S. government posted a $27 billion surplus in June 2025, a reversal from large deficits earlier in the fiscal year.
- This surplus came after President Trump introduced a 10% tariff on imported goods in April and recently declared higher tariffs on Canadian products set to take effect on August 1.
- Customs duties surged to $27.2 billion in June, more than tripling from the previous month, helping drive government revenue up 13% year-over-year.
- On July 8, Treasury Secretary Scott Bessent indicated that tariff revenues for the U.S. might exceed $300 billion by the close of the year, highlighting a strong tariff strategy.
- Although there was a surplus in June, the fiscal year-to-date deficit still stood at $1.34 trillion, and a recent congressional spending measure is projected to increase the national debt by approximately $3.4 trillion over the coming ten years.
135 Articles
135 Articles
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