S&P sees economic risks rise as US-China disputes heat up

“From a broader credit perspective, supply-chain disruption, higher costs on Chinese goods sold in the US, and the possibility of non-tariff measures such as boycotts on American goods, could each potentially weigh on credit quality for certain US sectors and industries," S&P Global Ratings said.

KUALA LUMPUR: S&P Global Ratings views the risk trend from the deterioration of US-China relations as rising and this has raised concerns about an economic spillover.

In a statement issued on Tuesday it pointed out that US-China relations have deteriorated markedly in recent weeks across different fronts, causing the risks of an economic spillover on credit conditions in both countries to rise.