0859 GMT - Two thirds of corporations surveyed by HSBC already experienced increases in costs due to the uncertainty around tariffs and trade, according to a survey by the global bank. Companies expect costs to increase further in both the short and long terms and forecast a revenue hit from supply chain delays. This is prompting more than three quarters of corporates to rethink their long-term business model. "The imperative for strategic adaptation is clear. Navigating this climate requires not only agility, but strong partnerships to ensure sustained growth in a shifting global economy," HSBC Global Trade Solutions' Vivek Ramachandran says. The survey draws from insight from 5,700 firms across 13 markets. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
May 23, 2025 04:59 ET (08:59 GMT)
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