US tariffs to weaken credit conditions, raise default risks: Moody’s

US reciprocal tariffs will weaken credit conditions and raise defaults risks, especially for low-rated and speculative grade firms, Moody’s Ratings said.
An unpredictable US trade policy will lead to worsening global credit conditions and macroeconomic impact will slow growth with a growing possibility of recession, it noted.
Tariffs will significantly raise prices for US consumers and businesses.