Potential U.S. auto tariffs would hurt Germany, Japan, Korea: Moody's – Investing.com

This post was originally published on this site

https://lh3.googleusercontent.com/proxy/bYC2r0NnrszIBuURaeNfGY3hLTcV2xglhAzXglZlnFra_JhsG7YT4nHcVYdOLEzfDK1tFGb9CMMB6LM8dJdnOnAx9mXrHSqrhTeaVUM79nUqFQMF=-w150-h150-c
© Reuters. Imported automobiles are parked in a lot at the port of Newark New Jersey

(Reuters) – Ratings firm Moody’s said on Tuesday that potential auto tariffs by the United States would be a risk to global growth, hindering economic momentum in Germany, Japan and Korea.

However, such a move would be less severe for China as Chinese vehicle exports were already subject to trade restrictions, Moody’s said in a report, adding that it would also be broadly credit negative for the global auto industry.

“Auto trade restrictions would cause a broader hit to business and consumer confidence globally in an already slowing global economy,” Moody’s Associate Managing Director Elena Duggar wrote.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

This post was originally published on *this site*