Moody's Investors Service say "tariff.......>

US TSYS: Moody's Investors Service say "tariff exemptions offer brief respite

for US trade partners in the Americas, but bilateral negotiations remain key."

According to Moodys, the "direct credit impact on tariff-exempted trade partners

in the Americas would be limited in the event that tariffs were imposed, given

relatively small contributions of steel and aluminum to exports and overall

economic activity. However, the Americas' heavy reliance on the US market to

consume its metals exports would weigh negatively on manufacturing sectors in

respective countries while increased barriers to trade raise the specter of

retaliation, particularly for countries without bilateral trade agreements

through which they can negotiate."