<\/p>\n
High trade costs, ongoing uncertainty weighs on corporate planning, investment.<\/p>\n
Protectionist U.S. trade policy is raising the cost of global trade and poses a downside risk to the global credit outlook, says Moody\u2019s Ratings.<\/p>\n
In a new report, the rating agency said that the current state of the U.S. trade war \u2014 with higher import tariffs being imposed on 68 countries as of Aug. 1 \u2014 is estimated to push the current U.S. effective tariff rate to 18%, which is slightly higher than the 10% to 15% range forecast by Moody\u2019s earlier this year.<\/p>\n
\u201cWhile that difference is not large, relative to the increase in tariffs since 2024, there are still clear downside risks from U.S. trade policy,\u201d it noted.<\/p>\n
To start, the sharp rise in effective tariff rates will increase global trade costs \u2014 which cuts into corporate margins and\/or raises consumer prices \u2014 and represents a threat to the global credit outlook, particularly for certain sectors and countries, the report said.<\/p>\n
\u201cMost exposed to higher tariffs are Asia-Pacific economies because of their heavy reliance on trade and high exposure to goods exports to the U.S.,\u201d it said.<\/p>\n
In particular, certain highly integrated sectors \u2014 such as the auto, manufacturing and technology sectors \u2014 along with the consumer goods and retail sectors, are also highly exposed to U.S. policy, \u201cespecially if trade negotiations fall apart and higher interest rates linger.\u201d<\/p>\n
Additionally, the erratic U.S. trade policy also continues to create widespread uncertainty that, \u201cwill continue to hamper business planning and investment,\u201d it said.<\/p>\n
\u201cFluctuating tariff levels, protracted negotiations with uncertain outcomes and potential tariffs under different authorities continue to weigh on consumer sentiment and complicate business decisions,\u201d it noted.<\/p>\n
In a separate report, Moody\u2019s also noted that the preliminary trade deal between the U.S. and the European Union, which was announced on July 27, offers a temporary reprieve from the worst impacts of trade turmoil, but doesn\u2019t put an end to the threat.<\/p>\n
The initial deal, \u201chelps avoid the severe economic effect that the 30% tariffs and a likely trans-Atlantic trade war would have caused,\u201d the report noted.<\/p>\n
However, that agreement also reflects higher trade costs, and there\u2019s continued uncertainty over the details of a final agreement, it said \u2014 along with the risk that trade talks, \u201ccould still breakdown,\u201d which continues to weigh on corporate planning and investment.<\/p>\n
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High trade costs, ongoing uncertainty weighs on corporate planning, investment. Protectionist U.S. trade policy is raising the cost of global trade and poses a downside risk to the global credit outlook, says Moody\u2019s Ratings. In a new report, the rating agency said that the current state of the U.S. trade war \u2014 with higher import […]<\/p>\n","protected":false},"author":1,"featured_media":4627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Money-1-750x445.jpg",750,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Money-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Money-1-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2025\/08\/Money-1.jpg",750,500,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=4626"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4626\/revisions"}],"predecessor-version":[{"id":4628,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/4626\/revisions\/4628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/4627"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=4626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=4626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=4626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}