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Fact check: Did US go from ice cream trade surplus to deficit under Biden?

Fact check: Did US go from ice cream trade surplus to deficit under Biden?

Summary

Joe Biden's presidency saw the U.S. switch from having an ice cream trade surplus to a trade deficit, mainly due to increased imports. Even though imports rose, they make up a tiny portion of the total ice cream in the U.S., and disagreements over what counts as "ice cream" affect the trade data.

Key Facts

  • The U.S. had an ice cream trade surplus in 2020 under President Trump.
  • This trade surplus turned into a $40.6 million deficit under President Biden.
  • The trade deficit grew mainly because of increased imports, not changes in exports.
  • The data that shows a deficit includes "edible ice," which some experts don't consider ice cream.
  • Excluding "edible ice" reveals that the U.S. remains a net exporter of ice cream.
  • Italy became the largest source of imported ice cream in the United States recently.
  • The vast majority of ice cream consumed in the U.S. is made domestically.
  • In 2024, U.S. ice cream makers produced 1.31 billion gallons of ice cream.
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