Almost a year ago, MAGA was celebrating the extra tax income:
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Trump calls tariff windfall 'so beautiful to see' as cash sails in -Trump points to $25B spike in excess funds as evidence of trade policy success
4:21pm
President Donald Trump on Monday touted a "beautiful" surge in tariff revenues on imported goods, crediting his administration's trade policies for a flood of cash into the U.S. economy. "We're finding hundreds of billions of dollars of cash is pouring into our country now because of tariffs," Trump said during a White House press briefing. "It's so beautiful to see it," Trump said of the record tariff revenues figures, pointing to a $25 billion spike in excess funds as evidence of their success. - Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $29 billion in June. -- In July, the U.S. collected over $29 billion in tariff revenues, the highest monthly total so far this year. According to the Treasury Department’s latest "Customs and Certain Excise Taxes" data, released on Aug. 7, total tariff revenues have reached $154 billion. -- https://www.foxbusiness.com/politics/trump-calls-tariff-windfall-so-beautiful-see-cash-sails
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Quit the reversal today.
Tariff refunds push US June budget deficit to $120 billion | Reuters
"WASHINGTON, July 13 (Reuters) - Growing refunds from President Donald Trump's tariffs, after they were ruled illegal, pushed the June federal budget deficit to $120 billion, the U.S. Treasury Department said on Monday, a sharp reversal from the $27 billion surplus in June 2025 that the administration touted as evidence of tariff success."
