If traditional industries are the ground troops in the looming conflict, cross-border e-commerce platform Youkeshu is China’s militia. Its CFO talks trade warfare, hedging strategy and bank relationships.
Tariffs are just one of Trump’s weapons to move manufacturing and the global supply chain back to the US. Companies such as Apple could face a potential 40% increase in production costs, Goldman Sachs estimates.
HSBC’s strategic push to Asia promises explicit investment in transaction banking platforms and lending rates set to undercut existing lenders*, but the shift will be far less substantial than presumed.