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Benzinga
Benzinga
Business
Rishabh Mishra

Trump Wants Blanket Tariffs Of Up To 20% After Surprise Treasury Surplus In June: Ed Yardeni Says 'Don't Push Your Luck'

Ed Yardeni Donald Trump United States US Federal Reserve Jerome Powell Federal Budget
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President Donald Trump has proposed a blanket tariff rate of 15%-20% on most nations, a notable jump from the current 10% base amid an unexpected federal budget surplus in June, largely attributed to a surge in tariff receipts.

What Happened: The U.S. Treasury Department reported a surplus of just over $27 billion in June, a stark contrast to May’s $316 billion deficit. Customs duties played a key role, totaling approximately $27 billion for the month, a staggering 301% increase from June 2024 figures.

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