• US customs duties topped $100 billion, marking a fiscal record.
• June revenue from tariffs contributed to a $27 billion budget surplus.
• Customs duties in June reached $27.2 billion, quadrupling year-over-year.
• Tariffs now represent about 5% of federal revenue, a significant increase.
• President Trump plans new reciprocal tariffs set for August 1.

In a historic milestone, US customs duties have surpassed $100 billion for the first time in a fiscal year, as President Donald Trump's tariffs continue to gain momentum. The Treasury Department reported a substantial revenue collection that produced a surprising $27 billion budget surplus for June, up from a deficit of $71 billion in the same month last year, according to Reuters and The Jakarta Post.

June's customs duties hit a record high of $27.2 billion on a gross basis, quadrupling from the previous year's figures and reinforcing Trump's perspective on tariffs as a critical source of revenue. This upsurge has helped increase total budget receipts by 13% in June, contributing significantly to the overall fiscal health of the government. "The big money will start to flow in after the imposition of higher 'reciprocal' tariffs on US trading partners on August 1," Trump remarked, reflecting his administration's aggressive tariff strategy according to India Times and The Jakarta Post.

For the first nine months of the fiscal year, gross customs receipts totaled $113.3 billion, almost doubling from the previous year, highlighting tariffs as a significant driving force of federal revenue. Treasury Secretary Scott Bessent noted that tariffs now make up about 5% of total federal revenue, a notable increase from historical levels of around 2%. This fiscal growth indicates how tariffs have become a crucial part of the federal budget strategy, showcasing their importance in Trump's economic agenda, as reported by Reuters and India Times.

Moreover, the anticipated revenue from these tariffs is set to increase further, with expert predictions suggesting that an extra $10 billion in tariffs per month could be realized once the new rates are applied. However, some analysts express caution, suggesting the need for adjustment as businesses and consumers adapt to these tariff policies. "I think there's a significant risk...that we get addicted to tariff revenue," warned Ernie Tedeschi of the Budget Lab at Yale University, according to The Jakarta Post and India Times.