The government of America recorded a budget surplus of 27 billion dollars in June, the first monthly surplus since 2005.

This news may have been seen by many friends. Although high tariffs bring a fiscal surplus, their side effect is upward pressure on import costs, which could again drive up the CPI in the future.

If inflation expectations rise, the Federal Reserve will be more cautious in lowering interest rates, which will put Trump in a situation of monetary policy discoordination, that is, the current situation.