The administration misinterprets a Nixon-era law in its bid to reimpose tariffs struck down by the Supreme Court.

Investing.com-- U.S. President Donald Trump said on Wednesday that the country’s trade deficit had contracted sharply due to his trade tariffs, and that the U.S. was set for a trade surplus in 2026– ...

The U.S. ice cream trade surplus largely diminished in 2021 under former President Joe Biden and turned to a deficit in 2022. The change was driven mostly by a jump in imports, primarily from Italy.

OTTAWA—Canada’s trade balance deteriorated slightly in October, swinging the country to an eighth deficit in the first 10 months of last year, though with domestic investment and efforts to lessen the ...