US EditionTrade finance banks face questions over tariff hit
Summary by Global Trade Review (GTR)
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Trade finance banks face questions over tariff hit
Banks have warned that prolonged US tariffs are likely to damage the economy, but say disruptions to supply chains may provide a short-term boost to trade finance. US President Donald Trump’s 145% tariffs on Chinese imports as well as currently paused levies on imports from other top trading partners are upending some supply chains, a situation further complicated by retaliatory measures from countries such as China and Canada. While large U…
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