GBA business confidence increases but US/EU tariffs a concern

As the EU ratifies its tariffs on Chinese-made electric vehicles, some businesses are preparing to front-load their exports to avoid further increases in tariffs, according to a confidence index from the HKTDC and Standard Chartered.

By Andrew Tjaardstra

Oct 14, 2024

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Business “expectations” for the Greater Bay Area (GBA) rose for a second straight quarter to 55.2 in the third quarter of 2024, from 54.8 in Q2, according to the latest Standard Chartered GBA Business Confidence Index (GBAI), issued by Standard Chartered and the Hong Kong Trade Development Council (HKTDC).

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