It’s the smallest trade deficit since June 2009.

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.

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.

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

America’s debt will be more than 100% of U.S. gross domestic product by later this year, the Congressional Budget Office projects.

Following a University of North Texas Board of Regents meeting on Thursday, President Harrison Keller briefly outlined potential changes that will be considered to stabilize a budget that has reached a projected $45 million deficit this fiscal year.

Just hours after the Supreme Court struck down President Donald Trump’s global tariffs on Friday, he signed an order to impose another package of levies under a different law that wasn’t affected by the court’s decision.

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.