According to a CNBC report, the U.S. government posted a surplus in June, as tariffs provided an extra boost to a sharp increase in receipts, the Treasury Department says.
Last month saw a surplus of just over $27 billion, following a $316 billion deficit in May.
The government last posted a June surplus in 2017, during President Trump’s first term.
From CNBC:
Increasing tariff collections are helping shore up the government finances.
Customs duties totaled about $27 billion for the month, up from $23 billion in May and 301% higher than June 2024. On an annual basis, tariff collections have totaled $113 billion, or 86% more than a year ago.
Trump levied across-the-board 10% tariffs on imports in April on top of other select duties. He also announced a menu of so-called reciprocal tariffs on various U.S. trading partners and has been in negotiations since.
More over at CNBC:
Treasury posts unexpected surplus in June as tariff receipts surge https://t.co/Qw54LVNwLc
— CNBC (@CNBC) July 11, 2025
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