Trade Tensions

Trade tensions pose ongoing risks to credit conditions and are causing shifts in global investment and supply chains. These frictions are challenging the business models of trade-reliant economies and companies.

Reports

TYPE

Select...

SECTOR

Select...

REGION

Select...

DATE RANGE

All

163 Documents

Title	Issuer/Entity
Metals & Mining – Cross Region: Renewed steel tariffs against Brazil, Argentina credit positive for US producers 03 DEC 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE The US reinstating tariffs on steel imported from Brazil and Argentina should boost domestic prices, a credit positive for US steel producers.
Structured Finance - China: 2020 Outlook - Risks will increase as economic growth slows 02 DEC 2019\|Outlook\|MOODY'S INVESTORS SERVICE Delinquencies and defaults will increase slightly from low levels in most Chinese structured finance asset classes in 2020, because of slowing economic growth, trade tensions and rising debt
Protein – US: China lifts US poultry ban, a credit positive for US chicken processors 19 NOV 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE The resumption of exports to China could unlock over $1 billion in poultry and poultry parts per year, which would bring a welcome boost to US poultry processors’ profit margins.
Government of Thailand: Loss of trade privileges with US is credit negative amid challenging external environment 04 NOV 2019\|Issuer Comment\|MOODY'S INVESTORS SERVICE Despite limited economic effect, the loss of preferential trade access comes while the economy faces multiple external pressures.	Thailand, Government of
Corporates – China: Potential US-China trade deal reduces immediate risk to Chinese companies' revenue growth 28 OCT 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE If US tariffs rise, the indirect negative effects on Chinese companies would be widespreadgiven the large number of companies involved in supply chains.
Moody's - Europe's China-related trade risks are restricted to select countries and sectors 17 OCT 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE The EU's overall exposure to the Chinese market is low. But additional volatility in the EU-China relationship will disproportionately affect specific industries if it is severe enough.
Trade – European Union: Europe's concentrated exposure to China restricts risks to select countries and sectors 17 OCT 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE The EU's overall exposure to the Chinese market is low. But additional volatility in the EU-China relationship will disproportionately affect specific industries if it is severe enough.
Global Trade Monitor - October 2019 (Slides) 15 OCT 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE Trade tensions add to risks of a further slowdown in global growth.
Packaged Alcoholic Beverages – Europe: US proposed tariff on European single malt whiskies is credit negative for Diageo and Pernod Ricard 08 OCT 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE A 25% proposed tariff on Irish and Scotch whiskies would hit US sales and earnings
Moody's – US steel industry outlook revised to negative from stable amid weak prices, lackluster data 03 OCT 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE US steel industry outlook changed to negative on weakening industry fundamentals, end-market demand and low prices.

Title	Issuer/Entity
Metals & Mining – Cross Region: Renewed steel tariffs against Brazil, Argentina credit positive for US producers 03 DEC 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE The US reinstating tariffs on steel imported from Brazil and Argentina should boost domestic prices, a credit positive for US steel producers.
Structured Finance - China: 2020 Outlook - Risks will increase as economic growth slows 02 DEC 2019\|Outlook\|MOODY'S INVESTORS SERVICE Delinquencies and defaults will increase slightly from low levels in most Chinese structured finance asset classes in 2020, because of slowing economic growth, trade tensions and rising debt
Protein – US: China lifts US poultry ban, a credit positive for US chicken processors 19 NOV 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE The resumption of exports to China could unlock over $1 billion in poultry and poultry parts per year, which would bring a welcome boost to US poultry processors’ profit margins.
Government of Thailand: Loss of trade privileges with US is credit negative amid challenging external environment 04 NOV 2019\|Issuer Comment\|MOODY'S INVESTORS SERVICE Despite limited economic effect, the loss of preferential trade access comes while the economy faces multiple external pressures.	Thailand, Government of
Corporates – China: Potential US-China trade deal reduces immediate risk to Chinese companies' revenue growth 28 OCT 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE If US tariffs rise, the indirect negative effects on Chinese companies would be widespreadgiven the large number of companies involved in supply chains.
Moody's - Europe's China-related trade risks are restricted to select countries and sectors 17 OCT 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE The EU's overall exposure to the Chinese market is low. But additional volatility in the EU-China relationship will disproportionately affect specific industries if it is severe enough.
Trade – European Union: Europe's concentrated exposure to China restricts risks to select countries and sectors 17 OCT 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE The EU's overall exposure to the Chinese market is low. But additional volatility in the EU-China relationship will disproportionately affect specific industries if it is severe enough.
Global Trade Monitor - October 2019 (Slides) 15 OCT 2019\|Sector In-Depth\|MOODY'S INVESTORS SERVICE Trade tensions add to risks of a further slowdown in global growth.
Packaged Alcoholic Beverages – Europe: US proposed tariff on European single malt whiskies is credit negative for Diageo and Pernod Ricard 08 OCT 2019\|Sector Comment\|MOODY'S INVESTORS SERVICE A 25% proposed tariff on Irish and Scotch whiskies would hit US sales and earnings
Moody's – US steel industry outlook revised to negative from stable amid weak prices, lackluster data 03 OCT 2019\|Research Announcement\|MOODY'S INVESTORS SERVICE US steel industry outlook changed to negative on weakening industry fundamentals, end-market demand and low prices.