On behalf of US President Donald Trump, Tariff War’s credit rating agency Moody’s has introduced a new data on the US. The company said that the way in which the market has turned out to be uproar. Its negative impact will fall on America market and the people there.
US President Donald Trump has postponed counter -duty on other countries except China for 90 days. However, the basic 10 percent customs duty will be applicable to the rest of the countries. Nikki Dang, Senior Vice President of Moody’s Ratings, said that the US-China impacts causing important negative risk for increasing stress and impacts due to lethargy in China.
India’s estimate of economy growth reduced
Large domestic market economies like India may benefit from companies seeking access to these markets, but any major change in investment flow will happen during many years. Another Moody’s company Moody’s Analytics, last week, has reduced its February estimate of India’s growth rate for the 2025 calendar year to 6.1 percent. Earlier he had estimated an increase of 6.4 percent. Dang said that currently the ban on fee has reduced the negative impact of additional fees on the trade and growth of the region. However, the economies of the region will still have to pay an additional 10 percent fee.
Dang said that the 90-day adjournment provides some scope to all governments to interact for more favorable conditions. He said that high total fees still put some inflation pressure on the US economy. Meanwhile, the policy uncertainty is likely to weaken trade and consumer sentiment and decrease in domestic demand, which can cause negative risk to increase.