S&P Global warned U.S. government debt credit ratings could "come under pressure" if political developments affect the independence of the Federal Reserve.

S&P Global on Monday affirmed its "AA+" credit rating on the U.S., saying the revenue from President Donald Trump's tariffs will offset the fiscal hit from his massive tax-cut and spending bill.

But the prices of hair extensions and hair glues used to create wigs and weaves have gone up exponentially after President Donald Trump imposed a series of different tariffs on China and Vietnam, where the majority of Black beauty products are made.

Costs have increased for hair extensions, hair glue, and other essentials Black-owned beauty businesses need to operate.