President Donald Trump’s America First trade policy just delivered one of its most powerful vindications yet.
The U.S. Treasury Department reported a $27 billion budget surplus for June, stunning experts who had predicted a $50 billion deficit.
This is one of the biggest upside surprises in recent memory — and the first June surplus in years.
Tariffs Surge, Revenue Soars
The surplus was fueled by a 301% spike in tariff revenue compared to June 2024.
-
$27 billion in customs duties were collected last month
-
That’s up from $6.7 billion the year before
-
And a jump from $23 billion just in May
For the fiscal year to date, tariff collections have hit $113 billion, up 86% year-over-year.
Treasury Secretary Scott Bessent says he expects tariffs to bring in as much as $300 billion this year alone.
Trump’s 10% universal import tariff, implemented in April, and a series of targeted reciprocal tariffs are reshaping federal revenue — without sparking inflation, as critics once
Subscribe to Our Free Newsletter
VIEW MORE NEWS