Trump's policies spur a sharp increase in U.S. customs duties revenue, but government spending has not decreased but instead increased.

BlockBeats news, on June 12, according to the U.S. Treasury's monthly budget statement, customs duties revenue in May reached $23 billion, an increase of $17 billion compared to the same period last year, an increase of 270%. The May data is more than three times the average monthly level for 2024.

The surge in customs duties revenue reflects the impact of several new tariffs introduced by Trump, most of which took effect in early April. Not only customs duties, but total government tax revenue in May increased by 15% from last year's $32.36 billion, reaching $37.12 billion.

However, compared to all U.S. government expenditures, record customs duties revenue is just a drop in the bucket, as government spending in May reached $687.2 billion (a 2.5% increase from the same period last year), meaning customs duties revenue accounted for only 3% of U.S. government spending.

Treasury officials stated that the improved fiscal situation last month was also due to the decrease in debt interest costs, which benefited from reduced interest payments on inflation-linked securities and lower discount rates on short-term Treasury bills.

Nevertheless, the overall situation remains frustrating, with interest payments in May reaching $92.2 billion, reflecting the unsustainable debt situation in the United States. The U.S. government accumulates a total interest expenditure of $1.2 trillion annually, which is only $300 billion less than the largest expenditure category—Social Security spending. (Jin Ten)