U.S. Credit Rating Stays Steady as Tariff Revenue Offsets Tax Cuts
S&P Global Ratings reaffirmed its AA+ credit rating for the U.S., stating that new revenue from Trump administration tariffs will offset tax cuts from the Republicans' One Big Beautiful Bill Act. The agency noted its AA+/A-1+ rating remains steady with a stable outlook. S&P highlighted economic resilience and tariff revenue growth, noting the U.S. economy's per capita GDP over $89,000 in 2025. The U.S. economy shows slowdown signs with GDP decelerating to 1.25% in the first half of the year versus 2.8% in 2024. July job additions fell to 73,000, below forecasts. Tariff revenue surged to $30 billion in July, a 242% increase since July 2024. Economists estimate tariffs will cost average taxpayers $2,700 in 2026.