Yahoo Finance

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. “The higher cost of imported goods will reduce import volumes, while uncertainty over tariffs has impacted business planning and consumer sentiment.”