The news: As businesses navigate President Trump’s evolving tariff policies, HSBC’s new product could help minimize business impacts—highlighting an opportunity for banks hoping to strengthen ties with business customers.

The details: According to Reuters, HSBC has launched TradePay, a financing solution that offers credit to help customers manage import duty payments, easing the immediate financial burdens of tariffs.

• Businesses can pay for import duties with credits from HSBC, or the bank will pay through either broker-arranged credit terms or Automated Clearing House (ACH) transfers.