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Posted on 07/11/2025 2:46:51 PM PDT by bitt
The federal government posted an unexpected budget surplus in June, fueled by a sharp rise in tariff revenues and higher-than-anticipated tax receipts, marking a notable vindication for President Donald Trump’s economic strategy.
The $27 billion surplus reported Friday by the Treasury Department stood in stark contrast to forecasts for a $50 billion deficit, representing one of the largest upside surprises in recent budget data.
Monthly surpluses typically occur in April, when many Americans file their taxes. Surpluses are also common in January and September. A June surplus is highly unusual.
Much of the improvement stemmed from a 301 percent increase in tariff collections compared to June of last year. Customs duties totaled $27 billion in June, up from $23 billion in May and more than quadruple the $6.7 billion collected a year earlier. For the fiscal year to date, tariff revenues have reached $113 billion, an 86% increase over the same period in 2024.
Treasury Secretary Scott Bessent has said that he expects tariffs to bring in as much as $300 billion in revenues this year.
The surge follows Mr. Trump’s sweeping 10 percent universal tariff on imports implemented in April, as well as a growing array of reciprocal duties aimed at specific trading partners. Administration officials have pointed to the June surplus as evidence that the new trade regime is strengthening federal finances without imposing the widespread inflationary pressure critics once warned about.
(Excerpt) Read more at breitbart.com ...
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p
Other than nothing?
Yea but...
LOL!
You raise prices on cost of goods and you get more revenue for the same items sold.
whatever.
“You raise prices on cost of goods and you get more revenue for the same items sold.”
Tariffs are collected when the item enters the county, not when it is sold.
The forecast was for fewer items entering the country.
Thanks for the correction Gator.
“Thanks for the correction Gator.”
More of a clarification.
:) Thanks for the GHEE then :))
Per the other article saying same thing -
The correct thing to do is ask an AI :
What is the year to date deficit of FY2025.
Answer, as of May, $1.4T. This $20someB surplus reduces it to $1.375ish. Then there are three more months of deficits to add — out to 1 Oct when FY2026 starts. Don’t know how July, Aug, Sept do usually.
Don’t know if there are any pre tariff projections. Looks like tariff revs compared to last year are about . . . double? Out to $27B vs $13.5B last year?
That would be +$40B in the upcoming 3 months compared to last year. So instead of a $1.9T deficit we would have a $1.86T deficit.
Celebrate!
Tariffs are hated by Marxists . This must explain your lamentations.
Marxists like tariffs for thee but not for me.
Wrong. Marx was a total free trader. He HATED tariffs.
I'll let you try to square "free trade" with government ownership of the means of production.
Google “Marx on trade 1848 speech”. Start reading and stop posting. Marx was a free trader like half of free republic.
Thanks for the ping.
I have little doubt that none of it will be used to pay down the debt.
Other than nothing?
ABCNNBCBS will say nothing.
(But pot farm in CA using illegal alien child labor is being assaulted by ICE!
They should use it to pay down the debt, but you know they won’t.
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