Moody's: Latest tariff announcement reinforces view rising trade tensions will continue for prolonged period of time
|Assessing the latest developments surrounding the trade conflict between the United States and China, Moody's said the following, via Reuters, in a recently published report.
- US announcement on potential tariffs on $200 bln of goods, China's response are sign of continued escalation of trade dispute.
- Latest tariff announcement reinforces view rising trade tensions will continue for prolonged period of time.
- Economic fallout of such measures would be material for the global economy.
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