Trump Tariffs Get Seal of Approval as S&P Affirms Credit Rating

S&P Global Ratings said revenues from Donald Trump’s tariffs will help soften the blow to the US’s fiscal health from the president’s tax cuts, enabling it to maintain its current credit grade.

While Trump’s trade war has roiled markets, unnerved foreign governments and provoked criticism from leading economists, S&P affirmed its AA+ rating for the US — a score it’s given since 2011, when it first downgraded the world’s largest economy from AAA.