LONDON, May 7 (Reuters) - HSBC ( HSBC ) has launched a

new financing tool for U.S. clients to pay import duties

following the imposition of sweeping tariffs by President Donald

Trump on April 2, which drew retaliation from other countries

including China.

HSBC's ( HSBC ) TradePay for Import Duties product will provide

credit for and simplify the payment of import duties, the bank

said, including by having the bank pay such duties directly

either through pre-agreed credit terms with brokers or direct

Automated Clearing House (ACH) credits.

"By settling import duties directly and frictionlessly

through HSBC TradePay, our U.S. clients have more visibility and

control over their working capital at the time they need it

most," said Vivek Ramachandran, Head of Global Trade Solutions

at HSBC ( HSBC ).

HSBC's ( HSBC ) attempt to ease import duties for clients comes as

most Americans brace for higher prices on a wide range of

consumer goods following Trump's tariffs, a new Reuters/Ipsos

poll found.