A Trump tariff legacy: U.S. Treasury posts June surplus of $27 billion
By Frank DeMatteo | Investing.com
Investing.com -- Just one week after President Trump signed the “Big Beautiful Bill” into law, the administration is celebrating again. The U.S. government posted a budget surplus for June, driven in large part by Trump’s aggressive tariff policies.
The June 2025 budget recorded a surplus of over $27 billion, the first monthly surplus since 2017. Economists had expected a deficit of $41.5 billion for the month. A key factor was the surge in customs duties, which totaled roughly $27 billion for the month. That’s up from $23 billion in May and a staggering 301% increase compared to June 2024.
So far this year, tariff collections have reached $113 billion, up 86% from the same period last year. Much of the increase is tied to the across-the...