According to online reports, data from the U.S. Treasury Department showed that tariff revenue in April reached US$16 billion, a surge of US$9 billion from the same period last year, an increase of 130%. According to data compiled by Bloomberg, this set a record for the highest monthly tariff revenue in at least a decade. The surge in tariff revenue will help curb further expansion of the U.S. budget deficit. However, US President Trump is seeking to reach trade agreements with specific countries, and tariff revenue may be reduced in the future. In the first seven months of this fiscal year, the U.S. federal government recorded a deficit of $1.05 trillion, a 13% increase from the same period last year after adjusting for calendar year differences. Officials from the Ministry of Finance said that if deferred tax factors that pushed up revenue in fiscal year 2024 were excluded, the actual deficit increase in fiscal year 2025 would be 4%. In addition to tariffs, another revenue category that saw growth this fiscal year was consumption taxes, which have increased by $10 billion in the past seven months. Officials from the Ministry of Finance said this was mainly due to the newly introduced stock repurchase tax.