Trump's tariff revenue is on pace for another monthly record in June

[toobfreak]

And my point was that I can put you out on the porch for coughing up furballs....erm..posts...

Wow... you gotta porch too, Jack?

 

[Doc7505]

Who was the President when the last monthly surplus happened? Refresh my memory.

~~~~~~

Last U.S. Budget Surplus​

The last time the U.S. federal government recorded a budget surplus was in the fiscal year 2001.
That would have been William Jefferson Clinton., whose fiscal year ended in September 2001.
Key Details

• Surplus Amount: The surplus in 2001 was approximately $128 billion.
• Historical Context: This surplus marked the first time in a generation that the U.S. government had a budget surplus, following a long period of deficits.

Recent Trends​

Since 2001, the U.S. has experienced budget deficits each year. The deficits have varied significantly, with the most recent figures indicating a deficit of approximately $1.69 trillion for the fiscal year 2023.
The shift from surplus to deficit has been influenced by various factors, including economic conditions, government spending policies, and revenue collection trends.

 

[candycorn]

U.S. Posts First Monthly Budget Surplus Since 2017 Amid Tariff Windfall​

U.S. Posts First Monthly Budget Surplus Since 2017 Amid Tariff Windfall - EconoTimes

Just a week after President Donald Trump signed the Big Beautiful Bill into law, the U.S. Treasury surprised markets with a rare budget surplus for June 2025. The federal government reported a $27 billion surplusthe first...

www.econotimes.com

11 July 2025

Just a week after President Donald Trump signed the “Big Beautiful Bill” into law, the U.S. Treasury surprised markets with a rare budget surplus for June 2025. The federal government reported a $27 billion surplus—the first monthly surplus in eight years—defying economists’ forecasts of a $41.5 billion deficit.
The surplus was fueled largely by a surge in tariff revenues, driven by Trump’s aggressive trade policies. Customs duties reached $27 billion in June, up from $23 billion in May, and up a massive 301% from June 2024. Year-to-date, the government has collected $113 billion in tariffs, marking an 86% increase compared to the same period last year. Much of the jump stems from the 10% blanket import tariff imposed in April, alongside targeted tariffs on nations like Canada, China, South Korea, and Japan.
~Snip~
While the June surplus offers a short-term boost, long-term fiscal sustainability remains in question as borrowing costs soar. Investors and policymakers alike are watching closely to see whether Trump’s trade and fiscal strategies can deliver lasting economic results.

Commentary:
Democrats screaming with hair on fire. Where's Powell on this? Surely he'll do everything in his power to offset this Trump policy and financial win?

Raising Tarriffs (aka taxes) will do that.

It would be nice if the rich were the ones paying it instead of those who can least afford it however.

 

[candycorn]

The stock market not only rebounded, it is now higher than ever...and the tariffs are working according to plan....

The U.S. Treasury reported a budget surplus in June, driven in large part by a surge in tariff revenue, thanks to President Donald Trump’s America-first trade policies. The surplus offers a clear reminder that strategic tariffs can strengthen the nation’s bottom line while prioritizing domestic industries and American jobs.

Trump’s Tariffs Deliver: U.S. Posts $27 Billion Budget Surplus

U.S. sees $27 billion budget surplus in June, driven by Trump's tariffs and trade policies.

townhall.com

Tariffs are taxes, right?

 

[toobfreak]

https://www.cnn.com/2025/07/10/economy/tariffs-higher-prices-inflation

Wow, Jack! Here I thought you were going to link us to some Far Left rag like MSNBC, but you did the sensible thing and just linked us to CNN, the Fake News Network.

 

[JackOfNoTrades]

Wow, Jack! Here I thought you were going to link us to some Far Left rag like MSNBC, but you did the sensible thing and just linked us to CNN, the Fake News Network.


View attachment 1135183

If a meme is all ya got, then this will really piss you off!

The Effects of Tariffs on Inflation and Production Costs - San Francisco Fed

A range of tariffs on U.S. imports has been enacted or considered recently. Trade tariffs can potentially affect price inflation for consumption and investment goods. Estimates suggest that the impact on prices for investment goods is likely to be much larger than for consumption goods. For...

www.frbsf.org

Psst....higher tariffs..lead to higher prices.

 

[IM2]

Try not to use townhall.

 

[Crepitus]

The stock market not only rebounded, it is now higher than ever...and the tariffs are working according to plan....

The U.S. Treasury reported a budget surplus in June, driven in large part by a surge in tariff revenue, thanks to President Donald Trump’s America-first trade policies. The surplus offers a clear reminder that strategic tariffs can strengthen the nation’s bottom line while prioritizing domestic industries and American jobs.

Trump’s Tariffs Deliver: U.S. Posts $27 Billion Budget Surplus

U.S. sees $27 billion budget surplus in June, driven by Trump's tariffs and trade policies.

townhall.com

Who is paying for it?

 

[toobfreak]

Psst....higher tariffs..lead to higher prices.

Psst... hey Jack... the idea of tariffs is to put the economic screws to people not trading fair with us because they need us to buy their stuff more than we do. Sure, it might make things a little tighter here for a while but I'm an American, not like you, I can take it, and will weather out the storm for the good of the country.

Meanwhile, these tariffs are socking the shit to China and many others who are reeling at the tariffs and on their last wobbly economic legs.

Trump's tariffs are not a way of life, they could end tomorrow, all these countries need to do is drop their tariffs on us.

Funny how 190 countries in the world all have tariffs on us, but it's not until Trump tariffs them back you have any problem...

 

[egp320i]

Who is paying for it?

have you seen any prices rising on rubber bands or doggie toys from china?
to me, nothing has changed at all besides a surplus for us

 

[Papageorgio]

~~~~~~

Last U.S. Budget Surplus​

The last time the U.S. federal government recorded a budget surplus was in the fiscal year 2001.
That would have been William Jefferson Clinton., whose fiscal year ended in September 2001.
Key Details

• Surplus Amount: The surplus in 2001 was approximately $128 billion.
• Historical Context: This surplus marked the first time in a generation that the U.S. government had a budget surplus, following a long period of deficits.

Recent Trends​

Since 2001, the U.S. has experienced budget deficits each year. The deficits have varied significantly, with the most recent figures indicating a deficit of approximately $1.69 trillion for the fiscal year 2023.
The shift from surplus to deficit has been influenced by various factors, including economic conditions, government spending policies, and revenue collection trends.

The last monthly surplus was 2017.

 

[JackOfNoTrades]

Psst... hey Jack... the idea of tariffs is to put the economic screws to people not trading fair with us because they need us to buy their stuff more than we do. Sure, it might make things a little tighter here for a while but I'm an American, not like you, I can take it, and will weather out the storm for the good of the country.

Meanwhile, these tariffs are socking the shit to China and many others who are reeling at the tariffs and on their last wobbly economic legs.

Trump's tariffs are not a way of life, they could end tomorrow, all these countries need to do is drop their tariffs on us.

Funny how 190 countries in the world all have tariffs on us, but it's not until Trump tariffs them back you have any problem...

I'm sure they could end tomorrow..or sooner...you know....TACO!

 

[HeyNorm]

Ok. Money coming in at the point of a gun. I think that's called extortion.
At the same time, inflation is ticking upward.....so..not as much of a win as you think it is.
Yes, boys and girls, higher prices..are passed along to the consumer. Economics 101.

https://www.morningstar.com/economy/june-cpi-report-forecasts-show-inflation-ticking-higher-tariff-impact-emerges

But rasing Americans taxes is not at the point of a gun?

Funny, when pointing out that further taxing Americans would increase prices, the left get all giddy. But when it’s foreign goods doing same?

Katie bar the door!

 

[JackOfNoTrades]

But rasing Americans taxes is not at the point of a gun?

Funny, when pointing out that further taxing Americans would increase prices, the left get all giddy. But when it’s foreign goods doing same?

Katie bar the door!

Hmmm.....they are raising taxes on Americans. Just not the upper income level of Americans...and giving corporations a sweetheart tax cut. They are raising the taxes on the largest pool of taxpayers..the middle incomers. The well they have ALWAYS gone back to..because for some reason, our politicians (both parties) are loathe to raise taxes on the wealthy and corporations.

 

[TheGreatSatan]

All the good Trump is doing is for nothing if the traitors aren't brought to justice.

 

[Blisterfinger]

Tariffs are taxes, right?

No, not really

 

[TheGreatSatan]

have you seen any prices rising on rubber bands or doggie toys from china?
to me, nothing has changed at all besides a surplus for us

Countries friendly to America are gaining market share over countries that are not.

 

[Blisterfinger]

Who is paying for it?

Damn, you are stupid

 

[RoshawnMarkwees]

Curious that the story involves math but says that this is the first surplus in over nine years while reporting the last one was in June 2017.

 

[Toddsterpatriot]

The last monthly surplus was 2017.

April 2024.