Ireland expects its budget surplus to drop by half in 2026, an unwelcome outlook for the government as it tries to fend off global trade shocks that could have an outsized impact on the US multinational-dominated economy https://t.co/TyqbSKf68d ...

Fiscal Revenue - US tariff revenue has reached nearly $100 billion so far [1] - The US is on track to collect $300 billion in tariff revenue this year [1] - This $300 billion represents almost 1% of the US GDP [1] Budget Performance - June saw a US budget surplus due to higher revenue and lower spending [1]

US Treasury Balance - US government had a $27 billion surplus for the month on an unadjusted basis, compared to an expected $205 billion deficit [2] - US ran a $70 billion deficit in June on an adjusted basis [3] - US is running a $13 trillion deficit fiscal year to date, matching last year's pace [3] Tariff Revenue - US took in $27 billion in customs duties in June [3] - Treasury has taken in $87 billion in customs duties so far this calendar year [4] - Tariff revenue is about $20 billion extra compared to baseline [7] Corporate Taxes - Corporate taxes were down 17% for the month of June [5] - Corporate taxes were about $14 billion less compared to baseline [7] Market Watcher Concerns - Market watchers are worried about what the decrease in corporate taxes could signal for earnings season [6]

Economic Situation - Greece is running budget surpluses [1] - The surpluses are at a level that the US and many European countries would appreciate [1] Historical Context - This positive financial situation comes ten years after Greece's debt crisis [1]