Tariff "boomerang" hits American companies! HSBC: Over half of enterprises' revenues will be impacted by at least 25%

HSBC's latest survey reveals a reality: the biggest victims of Trump's tariff policy are actually American businesses themselves.

On Friday, HSBC released a trade survey showing that American companies have expressed the strongest concerns in the face of Trump's ever-changing tariff policies.

The survey results are surprising:

More than half of American businesses expect their revenues to suffer at least a 25% impact, and about a quarter of American companies even predict that due to the impact of tariffs on their supply chains, their revenues will decline by more than half in the next two years.

As the "initiator" of the tariff policy, American businesses have ironically become the biggest victims, highlighting the complexity and unpredictability of trade wars in the era of globalization.

As the world's largest trade bank, HSBC, headquartered in London, conducted this survey covering over 5,700 international companies across 13 countries. The results show that concerns about the impact of tariffs have spread globally, with two-thirds of the surveyed companies reporting that they have already experienced rising costs due to tariffs and trade uncertainties.

Vivek Ramachandran, head of HSBC's global trade solutions, stated in an interview:

Everyone we talk to is planning to reshape their supply chains, seek new markets, or change their business models. The supply chain systems that companies have spent decades building, aimed at minimizing costs, now must shift to being resilient and able to quickly adjust based on geopolitical factors. This is a huge challenge for businesses