Trump’s tax cuts didn’t help, but it was not the main cause. This has been coming for years:
Moody’s warned in 2023 the US triple-A rating was at risk. Fitch Ratings downgraded the US in 2023 and S&P Global Ratings did so in 2011. Moody’s held a perfect credit rating for the US since 1917.
Trump’s tax cuts didn’t help, but it was not the main cause. This has been coming for years:
https://www.bbc.com/news/articles/c4ge0xk4ld1o