Moody's on US-China tensions

  • Escalating global trade war will have unintended consequences on supply chains

  • Expects US-China dispute to continue to limit investments, prolong tariff restrictions and elevate geopolitical tensions

  • US tariffs on $200 billion of Chinese imports will be credit negative for Chinese commodity-related sectors and component manufacturing

  • US controls may disrupt certain US technology industries

  • Tariffs are credit negative for US retail, wholesale distributors of electronics, hardware and appliances that sourced finished goods from China

  • Also credit negative for a number of US sectors, including construction, transportation, telecommunications and machinery manufacturing

That's not the most-inspiring take.