Trump Tariff Revenue Helps US Keep AA+ Rating With S&P (3)

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.

This is in part because it reckons money flowing from the levies will offset the impact on the US’s budget position from the recent tax and ...