In a recent report, Moody's Ratings highlighted the growing risks that U.S. tariffs pose to both the domestic and global economy, with a particular emphasis on corporate credit conditions. According to the agency, escalating trade tensions and tariff increases are expected to exacerbate global economic instability, heightening default risks, particularly for low-rated and speculative-grade companies. As the U.S. government escalates its trade war with China, the implications for growth, consumer confidence, and investment are profound.