US Firms Face Biggest Hit From Trump Tariffs, HSBC Survey Shows

US Firms Face Biggest Hit From Trump Tariffs, HSBC Survey Shows

US businesses are the most worried about the impact of President Donald Trump’s shifting tariff policies on their revenues, with more than half projecting a hit of at least 25% to their revenue, according to a survey by HSBC Holdings Plc.

Young Kim To Bessent: How Will You Ensure Tariffs Won’t Affect Small Businesses, Workers Long-Term?

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Tariffs affecting some local businesses

Some local businesses are feeling the impact of President Donald Trump's tariffs, but they are trying not to pass the costs on to their customers.

'Short-term, more conservative view': Local businesses struggle to come to terms with US tariffs

Local businesses are currently grappling with an "erratic, unpredictable and highly volatile" economic landscape, forcing them to take "a shorter-term, more conservative view" on business plans, said Darren Goh, senior business development & quality assurance manager at Dynamic Optronics. Dynamic Optronics, a local optical products manufacturer, is just one of a number of local companies here bracing for impact from...