Trump tariffs get seal of approval as S&P affirms credit rating

Contributing sentiments towards policy:

43% : Whether tariffs will give the US a meaningful revenue boost is a subject of debate among economists, who point to an apparent contradiction at the heart of Trump's approach: Tariff revenues rely on trade, but Trump has also attempted to pull production back to the US and encourage consumers to buy American-made products - moves that would undercut future levy receipts.
28% : The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic programme of tariffs will damage the US economy.
23% : Although the S&P analysts did not contradict that view, they stressed that as Trump embarks on a bold programme of tax cuts and spending, tariffs will help soften the blow.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.