Some comments by Moody's on the US-China trade rhetoric
- Impact on China's economy is also to be limited
- But knock-on effects would be wider
- The direct effect is likely to underestimate the full extent of overall impact
- Since the knock-on effects need to be assessed
- Expects US and China to avoid significant escalation in trade dispute
- Certain technology-related manufacturers would likely be hit directly by Trump's proposed tariffs on 3 April
A general assessment by Moody's on the overall situation. Nothing much that we don't already know, as the known unknowns (impact of the tariffs) is something that is difficult to envisage for the time being.
