A recent HSBC ‘Global Trade Pulse’ survey reveals that global businesses are adapting to evolving trade and tariff policies despite rising costs and working capital pressures. Conducted between October 6 and 21, the survey covered 6,750 companies across 17 countries, including 250 from Bangladesh. It found that 67% of firms now feel more confident about trade policy impacts than six months ago, while 77% better understand policy changes. In Bangladesh, 88% of businesses are aware of regulatory shifts and are either prepared or preparing for them—slightly above the global average of 85%. Moreover, 58% of Bangladeshi firms reported revenue growth from trade-related adjustments, compared to the global average of 47%. Half of Bangladeshi businesses expect international trade growth in the next two years. To mitigate risks, 48% are decentralizing operations, 48% focusing on regionalization, and 46% increasing inventory. Many are also expanding exports to Germany, the UK, and France, reflecting growing resilience amid global uncertainty.