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.