Are The Trump Tariffs Actually Working?

Sudden budget surplus is a positive sign

According to the US Treasury Department, American taxpayers enjoyed a revenue surplus of $27 billion in June, sharply rising after a $316 billion deficit in May. It was a 13% increase in receipts over the same month in 2024. Jeff Cox explains at CNBC that “with calendar adjustment, the deficit actually edged lower by 1%.” The difference is customs dutie…