US tariff revenue broke records in April, with the budget surplus reaching the second highest in history.

GateUser-6433627c · 2025-05-13T08:34:02+00:00

According to data from the U.S. Treasury, the federal government budget surplus in April reached $258 billion, marking the second-highest record in history, primarily due to the rise in tax and tariff revenue. Although the China-U.S. tariff reduction protocol has been signed, the deficit for the first seven months of fiscal year 2025 reached $1.049 trillion, a year-on-year increase of 23%.

GateUser-6433627c

2025-05-13 08:34:02

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On May 13, the latest data from the U.S. Treasury Department showed that the federal government’s budget surplus reached $258 billion in April, the second-largest surplus on record, up 23% year-over-year. The surplus was mainly due to strong tax revenues during the tax season and record import duty revenues. Tariffs totaled $16 billion in April, an increase of about $9 billion from the same period last year, far exceeding the all-time record of $9.6 billion two years ago and contributing an average of more than $500 million a day to the U.S. treasury. At the same time, debt interest payments exceeded $100 billion for the second month in a row. Although China and the United States have reached an agreement to reduce tariffs by 115% within 90 days, the budget deficit for the first seven months of fiscal 2025 still stands at $1.049 trillion, up 23% year-over-year. (Golden Ten)

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