The Standard & Poor’s (S&P) credit rating agency has reaffirmed its “A” rating for the United States, citing the impact of President Trump’s tariffs on government revenues. This decision comes as the global economy faces increasing uncertainty.
The S&P report notes that increased tariffs imposed by the US have boosted government revenues, which in turn has contributed to a stronger fiscal position. This development has helped to stabilize investor confidence and maintain economic growth.
Despite the positive assessment, market observers note that ongoing trade tensions with major trading partners pose significant risks to the US economy. The S&P agency cautions that any escalation of these tensions could potentially impact credit ratings.
In related news, a subscription offer from the Financial Times (FT) is available, providing access to quality journalism and expert analysis on various topics. The promotion includes a 1-year digital access plan for £69 per month or a discounted rate for paying upfront.
Source: https://www.ft.com/content/a0579c9d-50da-48a8-986b-45f9bdc14bbb