Moody’s has downgraded its 2025 outlook for U.S. ports to negative from stable, saying tariffs on imports will cut trade volumes by 7% to 12%. “Tariffs and the risk of a recession this year are expected to weigh on trade volumes at U.S. ports in 2025,” David Kamran, assistant vice president at Moody’s Ratings, said in a statement. “The higher cost of imported goods will reduce import volumes, while uncertainty over tariffs has impacted business planning and consumer sentiment.”

Continue Reading

View Comments