The Supreme Court on Friday ruled President Trump exceeded his powers and delared illegal the IEEPA tariffs that were the cornerstone of his deficit fight.

President Trump on Wednesday touted the decline in U.S. trade deficit ahead of official data showing a small reduction in the country’s overall balance of trade. In a Wednesday night post on Truth Social,

US trade deficit continued to widen in December after hitting the smallest monthly amount since the 2009 low in October.

The president seems as intent on tariffs as ever and argues that his trade agenda is succeeding, despite little evidence to support it

The U.S. trade deficit with some countries fell in 2025, but rising AI-driven imports kept the overall trade gap nearly unchanged.

Investors await a Supreme Court ruling on Trump-era tariffs even as new data show last year’s tariff surge had little impact on the overall trade gap.

Data released Thursday by the Census Bureau showed the overall trade deficit with the world narrowed, the result of an expanding trade surplus in services. The trade deficit in goods was the highest on record.

Trump readied the military for potential strikes on Iran. Trump officials proposed a WHO replacement. Background: Trump withdrew the United States from the World Health Organization last year, and the proposal would re-create WHO systems to which the U.S. no longer has access.