A recent survey from HSBC Holdings Plc $HSBC underscores a stark contrast in business sentiment between American and Chinese firms regarding the consequences of President Donald Trump’s evolving tariff policy. The report highlights pronounced concerns among US companies about the future impact of increased trade duties on earnings and supply chains, while Chinese businesses demonstrate relatively greater resilience in their outlook.

British retailer Marks & Spencer Group plc $MKS.L has reported that a “highly sophisticated and targeted” cyberattack will cost the company an estimated £300 million ($403 million USD) in lost operating profit. The event has caused significant disruptions across its digital infrastructure, including its automated inventory and logistics systems, forcing the company to temporarily revert to manual operations.

As trade tensions between the U.S. and China continue to affect global markets, Amazon $AMZN is among the companies feeling the heat from tariffs imposed by the Trump administration. With a 145% tariff on Chinese imports, businesses heavily reliant on Chinese manufacturing, such as Amazon, Walmart $WMT, and Apple $AAPL, are grappling with the increased costs. While Amazon has attempted to reassure investors, the pressures from these tariffs have sparked concerns about their long-term impact on the company’s business, particularly in e-commerce. This article explores how these tariffs are affecting Amazon and other major players in the retail and tech sectors, as well as the strategic shifts companies are making to adapt.