S&P Global has affirmed the United States' 'AA+' credit rating, attributing this decision to the significant revenue generated from tariffs imposed by President Trump's administration. The agency noted that this tariff revenue is expected to offset the fiscal challenges posed by recent tax cuts and spending increases, which could otherwise exacerbate the budget deficit. The U.S. saw a notable increase in customs duty collections, amounting to a $21 billion rise in July, despite a concurrent growth in the budget deficit, which expanded nearly 20% to $291 billion.

The outlook for the U.S. credit rating remains stable, with S&P projecting a decrease in the general government deficit as a percentage of GDP over the next few years. The agency anticipates that the Federal Reserve will effectively manage domestic inflation and financial market vulnerabilities. This affirmation comes in contrast to Moody's recent downgrade of U.S. sovereign debt, highlighting differing perspectives among credit rating agencies regarding the country's fiscal health.