Moody's sounds warning related to Donald Trump. Here's what credit rating agency claims

The triple-A ratings of the World Bank and other top multilateral lenders would be at risk if the United States withdraws support for them following a review ordered by U.S. President Donald Trump, credit rating agency Moody's warned, as per a report.

Last week, Trump signed an Executive Order to review U.S. government support to all international intergovernmental organisations of which it is a member and to withdraw from some United Nations organisations, Reuters reported.



"The US is a key shareholder in a number of rated MDBs (multilateral development banks), hence it would be credit negative if it materially reduced its commitment to them," Moody's said in a report published on Monday.


Meanwhile, US President Donald Trump plans to impose 25-percent tariffs on steel and aluminum imports from Monday, prompting the threat of retaliation from Europe and a warning from China that there were no winners in a trade war, AFP reported.


Trump told reporters aboard Air Force One Sunday that the tariffs -- which he will announce later Monday -- will apply to "any steel coming into the United States," adding this will also affect aluminum, as per the report.


Trump imposed similar tariffs during his 2017-2021 presidency to protect US industries, which he believed faced unfair competition from Asian and European countries.


While the European Commission said Monday it had not received any official notification of the tariffs, French foreign minister Jean-Noel Barrot said the European Union will counter in kind and 'replicate' any imposed, AFP reported.

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