On July 12, the US tariff revenue exceeded $100 billion for the first time this fiscal year, reflecting the impact of the Trump administration's tariffs. The US Treasury's monthly budget report showed that tariff revenue reached $27 billion in June, an increase of 3...
2025-07-11 18:01:05
On July 12, the US tariff revenue exceeded $100 billion for the first time in this fiscal year, reflecting the impact of the Trump administration's tariffs. According to the US Treasury's monthly budget report, tariff revenue reached $27 billion in June, an increase of 301% year-on-year; total tariff revenue so far this fiscal year rose to $113 billion. The US federal government's total revenue in June increased by about 13% year-on-year. The US federal government's fiscal surplus in June was 27 billion US dollars, compared with a deficit of 71 billion US dollars in the same period last year. The cumulative deficit in the first nine months of this fiscal year reached 1.34 trillion US dollars. Adjusted for calendar differences, the deficit so far this fiscal year narrowed by 1% year-on-year. President Trump imposed a series of new tariffs on various goods and trading partners, which increased the federal government's tariff revenue. Trump has tried to revive domestic manufacturing through tariffs and correct trade imbalances.
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