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Is the Moody’s Downgrade the End of American Exceptionalism? (jacobin.com)

submitted 1 month ago by BrikoX@lemmy.zip to c/usa@midwest.social

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Moody’s decision to downgrade the US’s credit rating is a slap on the wrist. In the past, the US might have dismissed it, but investors are signaling they think America is fundamentally untrustworthy — and they may soon put hard limits on Trump's program.

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[–] frezik@midwest.social 0 points 1 month ago (1 children)

Biden kept quite a few of the tariffs Trump did in his first term. Even increased some of them.