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>without really generating much money for the government it's been reported that tariff collections have soared to the point that the budgeted spending is no l
by fsckboy 1y ago
>without really generating much money for the government
it's been reported that tariff collections have soared to the point that the budgeted spending is no longer in the red. this article is written in a confusing way, but your statement "not generating much money for the govt" appears to be incorrect
https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.html https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-su...
- deleted 1y ago[deleted]
- JumpCrisscross 1y ago> tariff collections have soared to the point that the budgeted spending is no longer in the red "The federal government ran a monthly surplus of $26 billion in June. However, this was because government payments typically due June 1 shifted into May this year as June 1 fell on a weekend. Accounting for this timing shift, the government ran a monthly deficit of $71 billion" [1]. Tariffs have brought in like $55bn in extra revenue to date [2]. One would expect that to decrease as trade deals are negotiated and consumers shift behaviour. [1] https://bipartisanpolicy.org/report/deficit-tracker/ https://bipartisanpolicy.org/report/deficit-tracker/ [2] https://www.politico.com/interactives/2025/trump-tariff-income-tracker/ https://www.politico.com/interactives/2025/trump-tariff-inco...