Marissa Adams, Head of Global Trade Solutions at HSBC, says companies are starting to reach a point where they can no longer delay their investments or rejig supply chains. She says the uncertainty, rather than the level of tariffs, is starting to be a challenge for companies.
Breakdown
- Tariff uncertainty is increasingly challenging for companies, forcing tough decisions on costs or pricing. 5s
- Some businesses have acted quickly, but many are reaching an impasse on delaying investments or supply chain changes. 19s
- It remains unclear if increased costs have been passed on to consumers yet. 59s
- The services sector is less affected and continues to see investment and growth. 1m 39s
- The US-China goods supply chain is deeply interdependent, making a complete shift away from China impractical for many firms. 2m 38s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.