The international rating agency Moody's announced on the 16th that due to the increase in the proportion of US government debt and interest rate payments, the agency decided to downgrade the US sovereign credit rating from AAA to AA1, and adjusted the outlook of the US sovereign credit rating from "negative" to "stable". Moody's said that the US federal debt burden will rise to 134% of GDP by 2035; the US federal government deficit is expected to reach 9% of GDP by 2035; GDP growth may slow as the economy adjusts in response to tariffs.