Aug 19 (Reuters) – S&P Global on Monday affirmed its “AA+” credit rating on the U.S., saying the revenue from President Donald Trump’s tariffs will offset the fiscal hit from his massive tax-cut and spending bill.
Trump signed the “One Big Beautiful Bill Act” into law in July after it was passed by the Republican-controlled Congress. The bill, which delivered new tax breaks, also made Trump’s 2017 tax cuts permanent.
“Amid the rise in effective tariff rates, we expect meaningful tariff revenue to generally offset weaker fiscal outcomes that might otherwise be associated with the recent fiscal legislation, which contains both cuts and increases in tax and spending,” S&P said in a statement.
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Source: https://www.reuters.com/business/sp-affirms-aa-credit-rating-us-cites-impact-tariff-revenue-2025-08-19/
