{"id":1546692,"date":"2025-07-12T19:10:00","date_gmt":"2025-07-12T23:10:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1546692"},"modified":"2025-07-12T19:10:00","modified_gmt":"2025-07-12T23:10:00","slug":"tariff-windfall-drives-surprise-27-billion-us-budget-surplus-in-june","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/tariff-windfall-drives-surprise-27-billion-us-budget-surplus-in-june\/1546692\/","title":{"rendered":"Tariff Windfall Drives Surprise $27 Billion US Budget Surplus In June"},"content":{"rendered":"

Tariff Windfall Drives Surprise $27 Billion US Budget Surplus In June<\/span><\/p>\n

\n

Authored by Tom Ozimek via The Epoch Times,<\/em><\/a><\/p>\n

New data from the Treasury Department show that surging tariff revenues in June helped the U.S. government post an unexpected budget surplus of $27 billion, offering a rare fiscal bright spot amid persistently high federal deficits <\/strong>and suggesting that President Donald Trump\u2019s tariff policies are becoming a significant source of government revenue.<\/p>\n

<\/a><\/p>\n

After running a $316 billion deficit in May, the government recorded a surplus of just over $27 billion last month, according to data<\/a> released on July 11 by the Treasury Department. The tariff windfall helped narrow the fiscal year-to-date deficit to $1.34 trillion\u2014a slight 1 percent improvement from the same period last year. By contrast, June 2024 saw a $71 billion deficit.<\/p>\n

A key driver of the improved balance was a record-breaking surge in customs duties. <\/strong>The Treasury data released on Friday show that tariff collections soared to $27 billion in June alone, pushing total tariff revenues since October to $108 billion\u2014the highest ever recorded for the first nine months of a fiscal year. June\u2019s haul marked a significant jump from May\u2019s prior record of $22 billion and was about 93 percent higher than the $56 billion collected during the same nine-month span of the previous year.<\/p>\n

So far in July, customs duties have added another $2.4 billion to federal coffers,<\/strong> according to<\/a> daily Treasury figures.<\/p>\n

Treasury Secretary Scott Bessent has predicted even higher tariff revenues in the months ahead. Speaking at a July 8 White House Cabinet meeting, he said<\/a> the United States is on track to collect $300 billion by the end of calendar year 2025, noting that the \u201cmajor\u201d tariffs imposed under the Trump administration did not start until the second quarter.<\/p>\n

Since returning to the White House for a second term, Trump has imposed 10 percent universal tariffs on trading partners, along with reciprocal tariffs announced in April on a number of nations, depending on the trade barriers they have with the United States. Trump initially applied a 90-day pause to most of the reciprocal tariffs, and later signed<\/a> an executive order that extended the reprieve to Aug. 1.<\/p>\n

In recent days, the president sent<\/a> letters to several countries\u2014including Japan, South Korea, and Thailand\u2014informing them that reciprocal tariffs ranging from 25 to 40 percent will be imposed after Aug. 1 unless they agree to reduce trade barriers and negotiate bilateral deals.<\/p>\n

Trump has said the higher duties will substantially boost government revenue.<\/p>\n

\u201cThe big money will start coming in on Aug. 1st. I think it was made clear today by the letters that were sent out yesterday and today,\u201d <\/strong><\/em>he said during the Cabinet meeting.<\/p>\n

Bessent also cited a June 4 report<\/a> from the Congressional Budget Office projecting that tariff revenues could total $2.8 trillion over the next decade\u2014a figure he said the administration believes is understated.<\/p>\n

Trump said<\/a>\u00a0he won\u2019t extend the Aug. 1 deadline for countries to start paying reciprocal tariffs, signaling a firm stance after earlier suggesting flexibility for nations offering trade concessions.<\/p>\n

In one recent round of letters, Trump announced new tariffs as follows: 25 percent on Japan<\/a>, Kazakhstan<\/a>, Malaysia<\/a>,\u00a0South Korea<\/a>, and Tunisia<\/a>; 30 percent on Bosnia and Herzegovina<\/a> and South Africa<\/a>; 32 percent on Indonesia<\/a>; 35 percent on Bangladesh<\/a> and Serbia<\/a>; 36 percent on Cambodia<\/a> and Thailand<\/a>; and 40 percent on Burma<\/a> (also known as Myanmar) and Laos<\/a>.<\/p>\n

In each letter, Trump noted that the tariffs might be lowered if countries open their markets and reduce non-tariff barriers, emphasizing that persistent trade deficits pose \u201ca major threat\u201d to U.S. economic and national security.<\/strong><\/p>\n

More recently, Trump sent<\/a> another round of letters, noting that\u00a0Algeria<\/a>, Iraq<\/a>, Libya<\/a>, and Sri Lanka<\/a> will each be charged a 30 percent tariff, Brunei<\/a> and Moldova<\/a> will face a 25 percent tariff, and the Philippines<\/a> will face a 20 percent tariff.<\/p>\n

The president has also announced<\/a> that Canada will face 35 percent tariffs starting on Aug. 1.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSat, 07\/12\/2025 – 15:10<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/economics\/tariff-windfall-drives-surprise-27-billion-us-budget-surplus-june<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Tariff Windfall Drives Surprise $27 Billion US Budget Surplus In June Authored by Tom Ozimek via The Epoch Times, New data from the Treasury Department…<\/p>\n","protected":false},"author":0,"featured_media":1546693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1546692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1546692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1546692"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1546692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1546693"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1546692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1546692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1546692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}