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The Independent UK

World

Holly Williams

Firms raising prices ahead of trade tariff hikes, report finds

Donald Trump HSBC United States Canada European Union HSBC UK United Kingdom

A poll of 1,500 businesses found 39% are increasing prices in anticipation of higher tariffs (PA) -

Nearly one in four UK businesses are hiking prices in response to the threat of tariff hikes as fears grow over a global trade war kicked off by US President Donald Trump, according to a survey.

A poll of 1,500 businesses by banking giant HSBC found 39% are increasing prices in anticipation of higher tariffs.

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