[ June 15, 2026 ]
The U.S. government posted a $258 billion budget surplus for April, up 23%, or about $49 billion, from a year earlier, reflecting strong tariff receipts.
And the US collected record high high custom duties.
In April 2025, the U.S. collected a record $16.3 billion in customs duties, according to CNBC. This marks a significant increase from previous months and years, with receipts more than doubling the $7.1 billion collected a year prior. The surge in customs duties contributed to a decrease in the budget deficit, reports CNBC.
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Treasury reported that customs duties in April totaled $16 billion, about a $9 billion increase from the year-earlier period and far eclipsing the previous record of $9.6 billion two years earlier. The jump occurred during a month in which President Donald Trump boosted tariffs on Chinese goods to as much as 145% while slapping at least 10% levies on imports of goods from other countries.
Here’s a more detailed breakdown:
Record Monthly Take:
The $16.3 billion in customs duties collected in April represents the highest monthly amount collected in the last decade, according to Bloomberg and the U.S. Treasury Department.
April’s inflation report came in below expectations for the third straight month.
Grocery prices saw their largest decline in nearly five years.
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Gas prices fell for the third month in a row.
JUST IN: April’s inflation report came in below expectations for the third straight month.
Grocery prices saw their largest decline in nearly five years.
Gas prices fell for the third month in a row. pic.twitter.com/AgsyV6efkF
— Rapid Response 47 (@RapidResponse47) May 13, 2025
JP Morgan has just dropped its prediction of a U.S. recession in 2025 – Bloomberg
BREAKING: JPMorgan has just dropped its prediction of a U.S. recession in 2025 – Bloomberg pic.twitter.com/ZUQSfBKj94
— Eric Daugherty (@EricLDaugh) May 13, 2025
US Treasury Shocks With Second Biggest Budget Surplus In History Thanks To Record Tariff Revenues
By: Zero Hedge, May 12, 2025:
Two weeks ago, as part of its quarterly refunding announcement, the Treasury surprised the market when it unveiled a funding need for the current quarter that was $53 billion lower than it had initially forecast in February, and which we said “indicates that DOGE is indeed working and the US funding needs are actually declining.”
Needless to say, for a market that was habituated to Joe Biden’s debt-funded drunken sailor spending ways, the news that the US would needs less – not more – spending than previously expected, came as a shock, and yields slumped as less debt than expected would be required to fund the world’s most indebted government.
ADVERTISEMENTToday we got the reason why the borrowing need of the US was surprisingly lower than previously expected, and it was revealed in the latest Treasury Monthly Statement laying out the US government’s monthly deficit… or rather surplus. Yes, we are so used to describing the sum-total of the US government’s monthly income statement as a deficit (i.e., more spending than revenue) that it has become automatic to assume that every month the US will spend more than it brings in. Only this time that wasn’t the case.
Presenting Exhibit A: in April, the US Treasury generated a $258.4 billion surplus after last month’s $160.5 billion deficit; this the second biggest surplus on record, with just the $308 billion bumper surplus in 2021 bigger.
The Truth Must be Told
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