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Economy
Trump Tariffs Deliver Surprise Budget Surplus
2025-07-14
[BREITBART] 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
...Never got invited to a P.Diddy party...
'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.

Treasury Secretary Scott Bessent has said that he expects tariffs to bring in as much as $300 billion in revenues this year.
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.
Posted by:Fred

#11  ^ He is like our very own Wild Irish Rose.

Economics be hard, even without adding economists and their human foibles, prejudices, and politics to the mix. That's why if you laid all the economists in the world end to end, they still would not reach a conclusion.
Posted by: SteveS   2025-07-14 22:16  

#10  /\ Frank's endless wisdom, like a fine red wine.
Posted by: Besoeker   2025-07-14 21:21  

#9  Predictions are very hard to make, especially about the future
Posted by: Frank G   2025-07-14 19:36  

#8  No wonder economics is called the "dismal science." Very often, the economists and their predictions are wrong
Posted by: JohnQC   2025-07-14 18:38  

#7  5^
as has been noted elsewhere (I forgot where), a cut in the Fed rate isn't necessary -- what is needed is a cut in the 3,5 and 10 year Treasury instrument (currently about 3.8%, 4.0% and 4.4%).

These rates have bounced around a bit over the past few months.
Posted by: Lord Garth   2025-07-14 17:16  

#6  From cattle to crude: How Trump's tariffs are rattling the Lone Star State
Posted by: Skidmark   2025-07-14 14:11  

#5  Fed official reveals why America's economy remains 'really healthy' despite holding off on rate cuts
Posted by: Skidmark   2025-07-14 14:09  

#4  ^ And Jerome Powell and Dems will take credit. *spit*
Posted by: Frank G   2025-07-14 11:22  

#3  June also had a jump in corporate tax receipts and a decrease in expected Federal outlays

both of these are very good things

if inflation remains under control a few more months, the cost of borrowing will also go down which would help both the Federal budget but also business and consumers
Posted by: Lord Garth   2025-07-14 10:22  

#2  Fresh Tariff Concerns Over the Weekend
Posted by: Skidmark   2025-07-14 09:36  

#1  Surprise to the stupid people and a vexation to those who predicted disaster knowing that they were lying.
Posted by: Super Hose   2025-07-14 07:22  

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