(Reuters) -S&P Global on Monday affirmed its ‘AA+’ credit rating on the U.S., saying the revenue from President Donald Trump’s tariffs on other countries will offset the fiscal hit from his recent spending bill.
Trump signed the massive package of tax-cut and spending bill, dubbed the ‘One Big Beautiful Bill Act’, into law in July.
“In our view, the fiscal profile remains the key weakness for the U.S. sovereign ratings,” S&P said, adding “at this time, it appears that meaningful tariff revenue has the potential to offset the deficit-raising aspects of the recent budget legislation.”
S&P said the outlook remains stable on the country’s rating.
(Reporting by Disha Mishra in Bengaluru; Editing by Christian Schmollinger & Shri Navaratnam)
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