HSBC has launched a financing product to help US clients facing an increase in upfront import duties, supporting working capital needs during a period of intense trade uncertainty. Announced by the bank today, the product – called HSBC TradePay for Import Duties – aims to simplify US companies’ payment of tariffs, while optimising liquidity and…| Global Trade Review (GTR)
The world’s largest trade finance banks are bracing for a potential revenue hit from US President Donald Trump’s tariff spree but claim they are well prepared for slowing exports and supply chain disruptions. In early April, the US slapped tariffs of 145% on China, which retaliated with duties of 125% on US imports, while several countries…| Global Trade Review (GTR)