S&P Global Rating confirmed its AA+ Credit rating for the US, saying that the new revenue raised by the Trump administration’s tariff will help offset tax cuts authorized by Republican ‘ A large beautiful bill act.
Credit rating agency, which released it New evaluation The country’s fiscal health said late Monday night that it is stabilizing his AA+/A-1+ rating with a stable approach.
The latest analysis comes after Moody’s rating, another big credit rating agency, America downgorated in MayRaising investors’ concerns about the nation’s growing debt and policy uncertainty was provoked by President Trump’s trade policies. While S&P highlighted a series of economic concerns in its report, which already included the impact of new tax cuts against the backdrop of high American debt and deficit, the agency also underlined the country’s economy as well as the new tariff revenue generated by the Trump administration.
S&P analysts wrote in the rating note, “Amid the increase in effective tariff rates, we generally expect meaningful tariffs revenue to offset weak fiscal results that may be associated with recent fiscal laws, including both taxes and expenses.”
“The rating on the US is based on its rich, diverse and flexible economy, with more than $ 89,000 per capita in 2025. Since epidemic, American development has overtaken its peers.”
The White House did not immediately respond to the remarks request.
Assessment of the latest ratings comes when the American economy is indicating a recess Average rate of 1.25% During the first half of the year, compared to 2.8% in 2024. The job market also stumbled in July, in which employers added A Disappoints 73,000 jobs last month, According For the Labor Department – there was very little forecast than economists.
Statistics of weak jobs show that the Trump administration’s new tariff government is delayed hiring businesses amid uncertainty created by the regime, which has been provoked by many people Bar postponed And Rate change,
Between those headwinds, the revenue generated from tariffs is increasing: collected about the US government $ 30 billion from import duties In July, according to the Treasury Department. Since July 2024, tariff revenue has a jump of 242%.
While this new revenue will help increase the country’s finance, it comes at cost for American consumers and businesses, saying by economists. Tariff is paid by American importers – from Small business For large retailers and manufacturers – when they accept goods from abroad at American ports. Usually, those businesses then increase their prices to cover the cost of these duties, according to economists.
Due to that dynamic, tariffs are seen as tax on consumers by economists, with a tax policy center, a tax-focused think tank, assessment The average taxpayer will cost $ 2,700 in additional costs in 2026 in new import duties.
