U.S. Tariff Revenue Surpasses $100 Billion for the First Time This Fiscal Year, Monthly YoY Surge of 301%

On July 12, the U.S. tariff revenue for this fiscal year exceeded $100 billion for the first time, reflecting the impact of the Trump administration's tariff increases. The U.S. Department of the Treasury's monthly budget report indicated that tariff revenue reached $27 billion in June, a year-on-year increase of 301%; the total tariff revenue for this fiscal year to date has risen to $113 billion. Total federal government revenue in June increased by approximately 13% year-on-year. In June, the U.S. federal government recorded a budget surplus of $27 billion, compared to a deficit of $71 billion in the same month last year. The cumulative deficit for the first nine months of this fiscal year reached $1.34 trillion. After adjusting for calendar differences, the deficit for this fiscal year to date has narrowed by 1% year-on-year. President Trump has imposed a series of new tariffs on various goods and trade partners, leading to an increase in federal government tariff revenue. Trump aims to revitalize domestic manufacturing through tariff measures and correct trade imbalances.