US EditionTariff Rebate Checks Aren’t a Priority for the Trump Administration, Bessent Says
S&P Global highlights that tariff revenues from President Trump's trade policies are expected to offset fiscal impacts from recent tax cuts and spending, maintaining a stable outlook.
- S&P Global affirmed its AA+ long-term credit rating for the US on August 19, 2025, citing tariff revenues that offset fiscal deficits.
- This follows Moody's downgrade of US sovereign debt from Aaa to Aa1 in May due to rising government debt and fiscal pressures.
- Trump's tariffs led to a record $28 billion in customs duties collected in July, which, according to S&P, help mitigate the budgetary effects of the latest tax and spending legislation.
- Tariff revenues in 2025 are projected to surpass 1 percent of GDP, according to statements from the US Treasury, which aligns with S&P's assessment that such revenues help counterbalance weaker fiscal trends.
- S&P projects a stable fiscal outlook with general government deficits averaging 6 percent of GDP from 2025 to 2028 despite debt surpassing 100 percent of GDP.
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S&P says tariff-boost to US federal coffers will help fund Donald Trump’s tax cuts
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.
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The rating agency S&P has confirmed the creditworthiness of the US - for Trump a success of its tariffs. However, in the long term its plan could fail and the US towards a debt crisis. By Angela Göpfert.
·Hamburg, Germany
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Positive EU lists but realize on arms companies after the summit with Trump. The agency sees the debt above 100% of GDP in a few years, despite ...
·Turin, Italy
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Total News Sources26
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
Factuality
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