Lates News

Standard & Poor's global ratings indicate that the revenue generated by the Trump administration's tariffs will help mitigate the impact of the President's tax cuts on the fiscal health of the United States, allowing it to maintain its current credit rating. Despite the disruption to markets and criticism from mainstream economists caused by Trump's trade war, Standard & Poor's has maintained its AA+ rating for the United States - a rating that has been in place since Standard & Poor's first downgraded the credit rating of the world's largest economy from AAA in 2011.