The news that the U.S. Treasury Department posted a budget surplus of $27 billion for the month of June proves that President Donald Trump is correct about his tariffs, Dick Morris, an adviser to the president, said on Newsmax on Saturday. 

“The predictions that his tariffs would cause inflation have been proven incorrect,” Morris told “The Count.” “There is no inflation, and the cost of imported goods dropped this last month.”

The Treasury Department on Friday said that tariffs gave a boost to the government’s receipts, with a surplus of just over $27 billion, following a $316 billion deficit in May, reports CNBC.

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