Moody's: direct effects of US tariffs on China exports is limited

In its latest report, the US-based ratings agency, Moody’s Investor Service, assesses the impact of the US tariffs on the Chinese economy.

Key Highlights:

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.