US Treasury reports surprise surplus

Magda Gheorghiță

The gains are largely driven by President Donald Trump’s tariff hikes, which pushed customs duty collections to record highs The US government posted a surprise budget surplus in June, driven by a sharp increase in customs duties amid President Donald Trump’s tariff hikes, the Treasury said in a monthly report on Friday. The report shows a surplus of just over $27 billion last month, following a deficit of over $300 billion in May. Much of the increase stems from Trump’s import tariffs

Tag-uri: Donald Trump

US Treasury reports surprise surplus https://www.rt.com - 12.07.2025 19:01

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US Treasury reports surprise surplus https://www.rt.com - 12.07.2025 19:01