Trump tariffs seen offsetting deficit strain; S&P keeps ‘AA+’
S&P reaffirmed the US sovereign rating at 'AA+' with a stable outlook, citing economic resilience and sound monetary policy. It noted Trump's tariff revenues are easing pressure from his major tax cuts. July’s deficit reached $291 billion, while customs revenue more than doubled YoY to $136 billion YTD. Rising debt and political gridlock remain key risks.