Potential U.S. auto tariffs would hurt Germany, Japan, Korea: Moody’s

(Reuters) – Ratings firm Moody's said that potential auto tariffs from the Usa has to be risk to global growth, hindering economic momentum in Germany, Japan and Korea.

However, this sort of move could be docile for China as Chinese vehicle exports were already at the mercy of trade restrictions, Moody's said from a report, adding that this would additionally be broadly credit negative for any global auto industry.

"Auto trade restrictions would result in a broader hit to business and consumer confidence globally within the already slowing global economy," Moody's Associate Managing Director Elena Duggar wrote.