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.

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

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,

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

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.

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.

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.

By Fergal Smith TORONTO, Feb 19 (Reuters) - The Canadian dollar steadied after six straight days of declines against its U.S. counterpart on Thursday as oil prices rose and data showed that Canada's trade deficit narrowed in December.