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flag US reports surprising $27 billion surplus in June, driven by a surge in tariff receipts.

flag The US government reported a surprising $27 billion surplus in June, contrasting with a $316 billion deficit in May. flag This improvement was largely due to a significant increase in tariff receipts, totaling $27 billion in June, up 301% from June 2024. flag Despite this, the fiscal year-to-date deficit slightly increased to $1.34 trillion, up 5% from last year. flag Tariff collections for the year reached $113 billion, an 86% jump from the previous year, highlighting the impact of recent tariff increases.

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