US EditionUS Tariff Revenue Hits Fresh Record, Helping Shrink May Deficit
- In May, the U.S. Treasury reported a budget shortfall of $316 billion, supported by a record-high customs duties revenue totaling $23 billion.
- This deficit reduction followed steep tariff hikes by the Trump administration, which sharply increased customs receipts by 270% year-over-year.
- Meanwhile, HP accelerated shifting manufacturing of North America-bound products outside China, reacting to tariff-related cost increases that lowered its operating margin.
- HP’s CEO Enrique Lores stated in a May 28 call that tariffs caused margins below guidance but expects mitigation and a return to targets next quarter.
- Higher tariff revenues contributed to reducing May’s budget shortfall, although Treasury Secretary Scott Bessent cautioned that the U.S. is expected to record yet another exceptionally large deficit for the fiscal year.
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C2FO Supports Businesses Around the Globe Amid Tariff Disruptions, Reports Record Customer Satisfaction
KANSAS CITY, Mo., June 12, 2025 /PRNewswire/ -- C2FO, the world's on-demand working capital platform, continues to meet the growing demand for faster, more affordable liquidity as tariffs and global economic uncertainty disrupt businesses of all sizes. In the last…
US monthly budget deficit falls as Trump tariffs boost customs receipts
The U.S. government posted a $316 billion budget deficit for May, down 9%, or $31 billion, from a year earlier, as customs receipts nearly quadrupled to a record $23 billion due to President Donald Trump's steep new import tariffs, the Treasury Department said on Wednesday.
Beyond the frightful announcements that the first-month figures of Donald Trump's second term actually say? Graphics decryption @media only screen and (min-width: 1000px) { article section:not(.module__body > .post-body > section, .post__read-more) { width: calc(100% +(100% / 1.5)); margin: var(--base-line-eight) calc(-100% / 3) 0; } } The American economy entered a new era with Donald Trump's return to Washington but, contrary to what the presi…
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