Trump Tariffs Deliver Record Surplus as Revenue Smashes Projections — Without Raising Taxes
In a historic milestone for U.S. economic policy, the federal government posted a $27 billion surplus in June — and remarkably, every single dollar came from tariffs. It’s the first time in modern history that tariffs alone have accounted for a monthly surplus, and it’s yet another vindication of President Donald J. Trump’s bold America First trade strategy.
According to data released Friday by the Treasury Department, the federal government pulled in $526 billion in revenue last month, while expenditures stood at $499 billion. The surplus? A clean $27 billion — the exact amount collected from tariffs in June, as reported by The Center Square.
Contrary to repeated doomsday warnings from Democrats and legacy media outlets, consumer prices have remained stable. Gas prices dipped to a four-year low, grocery bills held flat, and inflation concerns failed to materialize.
“The tariff panic and inflation fearmongering from Democrats and their friends in the media hasn’t held up,” Treasury Secretary Scott Bessent said. “[I]mported goods prices are down this year, falling even faster than overall goods prices.”
So far in 2025, tariff revenue has totaled $108 billion, with Bessent projecting a possible $300 billion haul by year’s end.
The Trump administration’s aggressive tariffs — including a recent 50% duty on Brazilian imports and 25–40% tariffs on products from over a dozen countries — have rattled globalists and international elites. But for conservatives focused on fiscal responsibility, the policy is a masterstroke: a non-tax revenue stream that strengthens national sovereignty and protects American industry.
Even Trump’s critics admit the move is making waves. Republicans in Congress have praised the tariff windfall as a powerful tool to help pay for Trump’s multitrillion-dollar “big, beautiful bill,” which locks in his 2017 tax cuts and introduces new pro-growth incentives.
A Napolitan News poll revealed that 61% of voters believe economic growth is more important than cutting government spending, while only 28% disagree — further demonstrating voter confidence in the Trump economy.
And the tariff campaign is far from over.
Speaking after midnight following a speech at the Iowa State Fairgrounds, President Trump announced that new “reciprocal” tariffs would begin rolling out Friday for countries without tentative trade deals with the U.S.
“We’re going to start sending letters out to various countries starting [Friday]. We’ll probably have 10 or 12 go out,” Trump told reporters, according to the New York Post. He added that by July 9, all targeted countries would be covered with tariffs ranging from 10% to as high as 60–70%.
This aggressive expansion builds on Trump’s April 2 “Liberation Day” announcement, which implemented a baseline tariff of 10% and slapped higher rates on nations with deep trade imbalances. Among the steepest penalties:
- 49% for Cambodia
- 48% for Laos
- 47% for Madagascar
Trump emphasized that while the tariffs are tough, they’re fair — and profitable for America.
“It’s a lot of money for the country, but we’re giving them a bargain,” Trump said. “I don’t want to stretch it too much, we want to keep it pretty reasonable.”
According to the President, countries will begin making payments starting August 1, and letters will continue going out daily until his negotiation deadline hits.
The new economic data comes as job growth in June once again exceeded expectations. Inflation remains within range of the Fed’s 2% goal, clocking in at 2.4% in May. Meanwhile, Wall Street hit new highs this past week, signaling continued investor confidence in Trump’s leadership.