12-05-2025
- Business
- AU Financial Review
US budget surplus gets tax returns, import duties boost
Washington | The US government posted a $US258 billion ($406 billion) budget surplus for April, up 23 per cent, or about $US49 billion, from a year earlier, reflecting strong tax receipts in the final month of the tax season and surging collections of import duties, the Treasury Department said.
Treasury reported that net customs duties in April totalled $US16 billion, about a $US9 billion increase from the year-earlier period. The increase occurred during a month in which President Donald Trump boosted tariffs on Chinese goods to as much as 145 per cent while slapping at least 10 per cent levies on imports of goods from other countries.
