The U.S. Sets Record Tariff Revenue in April, Surplus Hits Second-Highest Level

BlockBeats News, May 13th, According to the latest data from the U.S. Department of the Treasury, the federal government achieved a budget surplus of $258 billion in April, the second largest surplus on record, representing a 23% year-on-year increase. The surplus was mainly driven by strong tax revenue during the tax season and record-high customs duty revenue. The total customs duties in April reached $16 billion, an increase of about $9 billion from the same period last year, far exceeding the historical record of $9.6 billion two years ago, contributing over $500 million to the U.S. Treasury on average per day. At the same time, interest payments on debt exceeded $100 billion for the second consecutive month. Despite the U.S.-China agreement to reduce tariffs by 115% within 90 days, the budget deficit for the first seven months of the 2025 fiscal year still reached $1.049 trillion, a 23% increase year-on-year. (Jin10)