Given The aggressive tariff policy by US President Donald Trump, HSBC has launched a new financing solution aimed at simplifying import fees for American companies, as part of the broader TradePay platform.
The new service, HSBC TradePay for import duties, is said to be able to simplify payments fees while improving working capital.
By allowing HSBC to settle the import fees directly, either through the credit conditions circulating with the mediators or through ACH credit, HSBC said that customers can access credit and make payments in one treatment.
“The business needs of customers are developing – and we quickly respond to solutions that provide their greatest value,” said Veveck Ramashandran, head of global trade solutions at HSBC.
“By setting up import duties directly and without friction through TradePay HSBC, our customers in the United States have more vision and control over working capital at a time when they need it more.”
The bank highlighted that many companies are facing increasing financial obligations offered, which makes an effective settlement and improving the vision of cash flow is a priority.
HSBC’s launch of the import duties comes at a time when Americans are preparing for higher prices on a wide range of consumer goods after Trump’s tariff policies.
HSBC was first launched in 2023, and has since facilitated $ 2.3 billion of commercial financing worldwide.