Latest news with #TradePulse
Yahoo
28-05-2025
- Business
- Yahoo
Trade Tensions Reshaping U.S. Corporate Strategy, HSBC Survey Finds
Businesses report above average cost hikes are causing a pivot toward domestic operations in the short term but 93% remain confident in global trade growth NEW YORK, May 28, 2025--(BUSINESS WIRE)--U.S. companies remain optimistic about future international expansion despite facing cost pressures, disrupted supply chains and ongoing uncertainty more acutely when compared to global peers, according to HSBC's inaugural Trade Pulse survey. Despite current headwinds, American businesses remain optimistic about long term international growth and most are increasing reliance on the U.S. market in the immediate term. The survey captured responses from over 5,700 internationally active companies across 13 global markets, including 1,000 based in the United States. Key Findings: 72% of U.S. companies report higher operating costs due to tariffs – a figure above the global average (66%) 77% expect those costs to rise further by year-end 71% are increasing their reliance on the U.S. market in response to current trade dynamics 93% of U.S. firms say they remain confident in their ability to grow international trade over the next two years These findings reflect a complex trade environment – one where U.S. firms are rethinking supply chains, reassessing investment decisions, and adapting pricing strategies. Nearly three-quarters of respondents say they have paused or reconsidered long-term investments due to policy uncertainty, and 52% report difficulty forecasting costs or demand for the year ahead. The changing landscape is prompting a recalibration of global strategies as companies delay new investment decisions and look to shift operations. U.S. firms are more likely than global peers to pivot towards domestic markets in the short term and exit higher risk markets. Despite these headwinds, U.S. corporates remain confident in international growth prospects over the long term with nearly all (93%) respondents saying they expect to grow international trade over the next two years. Companies are also looking to innovate during this time of disruption, with 79% saying the current uncertainty is encouraging their business to evolve and explore new opportunities. American companies are more likely than global respondents to use this moment to drive innovation and future readiness: 79% say trade uncertainty has encouraged them to evolve and explore new opportunities 56% have already entered new export or import markets (47% global) 58% have developed new products or services (51% global) 64% have adopted a new technology or digital platform (58% global) 47% have invested in improving supply chain visibility (41% global) Many are taking action to strengthen resilience via reshoring (44%), nearshoring (41%) and friendshoring (42%) "American companies are extremely resilient," said Ajit Menon, U.S. Head of Global Trade Solutions. "They're feeling the strain of rising costs and economic uncertainty, but many are responding with agility – digitizing operations, strengthening supply chains and redesigning growth strategies to compete globally. As the world's leading trade bank, HSBC is seeing firsthand how resilient and forward looking our clients are even in the most challenging conditions. We are uniquely qualified to help our clients navigate global complexity." About the Trade Pulse Survey HSBC's Trade Pulse survey was conducted between April 30 and May 12, 2025, across 13 markets: Bangladesh, France, Germany, Hong Kong, India, Mainland China, Malaysia, Mexico, Singapore, UAE, United Kingdom, USA, and Vietnam. The survey captured perspectives from SMEs and mid-market companies with international operations and revenues between $50 million and $2 billion. HSBC Holdings plc HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organizations. View source version on Contacts Media Inquiries to:New York – Elena Connolly, Head of U.S. Communications, CIB,
Business Wire
28-05-2025
- Business
- Business Wire
Trade Tensions Reshaping U.S. Corporate Strategy, HSBC Survey Finds
NEW YORK--(BUSINESS WIRE)--U.S. companies remain optimistic about future international expansion despite facing cost pressures, disrupted supply chains and ongoing uncertainty more acutely when compared to global peers, according to HSBC's inaugural Trade Pulse survey. Despite current headwinds, American businesses remain optimistic about long term international growth and most are increasing reliance on the U.S. market in the immediate term. The survey captured responses from over 5,700 internationally active companies across 13 global markets, including 1,000 based in the United States. Key Findings: 72% of U.S. companies report higher operating costs due to tariffs – a figure above the global average (66%) 77% expect those costs to rise further by year-end 71% are increasing their reliance on the U.S. market in response to current trade dynamics 93% of U.S. firms say they remain confident in their ability to grow international trade over the next two years These findings reflect a complex trade environment – one where U.S. firms are rethinking supply chains, reassessing investment decisions, and adapting pricing strategies. Nearly three-quarters of respondents say they have paused or reconsidered long-term investments due to policy uncertainty, and 52% report difficulty forecasting costs or demand for the year ahead. The changing landscape is prompting a recalibration of global strategies as companies delay new investment decisions and look to shift operations. U.S. firms are more likely than global peers to pivot towards domestic markets in the short term and exit higher risk markets. Despite these headwinds, U.S. corporates remain confident in international growth prospects over the long term with nearly all (93%) respondents saying they expect to grow international trade over the next two years. Companies are also looking to innovate during this time of disruption, with 79% saying the current uncertainty is encouraging their business to evolve and explore new opportunities. American companies are more likely than global respondents to use this moment to drive innovation and future readiness: 79% say trade uncertainty has encouraged them to evolve and explore new opportunities 56% have already entered new export or import markets (47% global) 58% have developed new products or services (51% global) 64% have adopted a new technology or digital platform (58% global) 47% have invested in improving supply chain visibility (41% global) Many are taking action to strengthen resilience via reshoring (44%), nearshoring (41%) and friendshoring (42%) 'American companies are extremely resilient,' said Ajit Menon, U.S. Head of Global Trade Solutions. 'They're feeling the strain of rising costs and economic uncertainty, but many are responding with agility – digitizing operations, strengthening supply chains and redesigning growth strategies to compete globally. As the world's leading trade bank, HSBC is seeing firsthand how resilient and forward looking our clients are even in the most challenging conditions. We are uniquely qualified to help our clients navigate global complexity.' About the Trade Pulse Survey HSBC's Trade Pulse survey was conducted between April 30 and May 12, 2025, across 13 markets: Bangladesh, France, Germany, Hong Kong, India, Mainland China, Malaysia, Mexico, Singapore, UAE, United Kingdom, USA, and Vietnam. The survey captured perspectives from SMEs and mid-market companies with international operations and revenues between $50 million and $2 billion. HSBC Holdings plc HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 58 countries and territories. With assets of US$3,054bn at 31 March 2025, HSBC is one of the world's largest banking and financial services organizations.
Axios
28-05-2025
- Business
- Axios
Exclusive: Businesses still expect growth, even as tariff costs mount
More than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs — but almost all still expect to be able to grow internationally in the coming years, per a new HSBC survey shared exclusively with Axios. Why it matters: In an increasingly volatile and uncertain environment, corporate leaders are staying optimistic, even while they concede that it's getting more expensive to do business. Details: HSBC's Trade Pulse survey gathered responses from more than 5,700 companies in 13 countries between April 30 and May 12, including about 1,000 U.S. businesses. Respondents all had international operations, and annual revenue between $50 million and $2 billion. By the numbers: 72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year. HSBC executives say two things are driving the pressure: companies that haven't had to pay duties before are suddenly being subject to them; and competition is rising for suppliers in lower-cost environments. Yes, but: That's not stopping companies from growing, they say. While more than 70% said they're trying to increase domestic reliance in the face of trade pressure, more than 90% said they still expect to be able to grow internationally in the next two years. That's something HSBC found broadly in U.S. companies, but much less so internationally. "This optimism, and the fact they are really looking to see how creatively they can grow and pivot, is really unique, and this is something unique in the data," Marissa Adams, HSBC's Americas and Europe head of global trade solutions, tells Axios. The intrigue: The responses also indicate that businesses are moving to do two things the Trump administration wants to see happening — adopting new technologies (like AI) and re-shoring. 44% say they're looking at moving production domestically, while 64% are adopting new digital technologies or platforms. The bottom line: It's still early in the tariff game, and no one's making major long-term decisions just yet, Adams says — but they are thinking about things like the structure and efficiency of their supply chains.
