US April tariff revenue breaks record, budget surplus hits second highest in history

According to BlockBeats, on May 13th, the latest data from the US Treasury Department showed that the federal government's April budget surplus reached $258 billion, the second largest surplus on record, with a year-on-year increase of 23%. The surplus is mainly due to strong tax revenue during the tax season and record import tariff revenue. The total amount of tariffs in April reached 16 billion US dollars, an increase of about 9 billion US dollars compared to the same period last year, far exceeding the historical record of 9.6 billion US dollars two years ago, and contributing an average of over 500 million US dollars to the US Treasury every day. At the same time, debt interest expenses exceeded $100 billion for the second consecutive month. Despite the agreement between China and the United States to reduce tariffs by 115% within 90 days, the budget deficit for the first seven months of fiscal year 2025 still reached $1.049 trillion, a year-on-year increase of 23%. (Golden Ten)