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.