Thanks to Trump tariffs, federal budget was in surplus for month of June | Eastern NC Now

The June numbers from the US Treasury showed something that has not been seen in quite a few years, a surplus.  That is mostly due to President Trump's tariff policies.

For the month of June, the federal government took in over $27 Billion more than it spent.  In May, it had shown a deficit of $316 Billion.  In June, receipts, mostly boosted by tariffs, were up 13%, while spending, largely due to DOGE cuts, was down 7%.  Year to date, which is the fiscal year from last September, shows receipts up 7% and spending up 6%.

https://redstate.com/wardclark/2025/07/11/big-treasury-posts-unexpected-surplus-for-june-thanks-to-tariffs-n2191535

https://www.zerohedge.com/economics/tariff-windfall-drives-surprise-27-billion-us-budget-surplus-june

For America's first century and a bit beyond, the federal government ran almost entirely on tariffs as its principal revenue source.  Indeed, a major point of friction between the north and south before the War Between the States was over tariffs because the import / export economy of the south resulted in that region paying 90% of the tariffs for the whole country, and the north was constantly trying to raise them.  This came to a head first in the Nullification crisis under Andrew Jackson when Jackson got Congress to pass a major tariff increase and the South Carolina legislature responded by passing a bill to nullify the tariff in their state and refuse to collect the increase.  It came to a head again when the 1860 election produced a pro-tariff increase president and a pro-tariff increase congress and in March 1861, the Morrill Tariff was passed, tripling the tariff rates.  That tariff was a big factor in the south seeking its independence and the north invading to keep its cash cow from escaping the barn.