[Trump Tariffs Trigger Losses, Companies Increase Currency Hedging Efforts] Jin10 News, February 17 – A survey by MillTech shows that tariffs and the depreciation of the U.S. dollar are prompting companies to increase currency hedging efforts after suffering millions of dollars in losses in the fourth quarter, indicating that the trade war is squeezing profits and reshaping corporate risk strategies. According to the MillTech survey, eight out of ten companies surveyed reported losses in the last quarter due to unhedged currency positions. U.S. companies reported an average loss of $9.9 million, while U.K. companies reported an average loss of approximately £6.7 million ($9.1 million). Some companies reported losses exceeding $25 million. Sharp fluctuations in exchange rates prompted financial executives to seek hedging in the fourth quarter. According to the MillTech survey, financial executives hedged an average of 49% of their foreign exchange risk exposure using financial instruments, an increase of about 3 percentage points from the third quarter. Nearly two-thirds of companies stated that, in light of market volatility caused by tariffs, they plan to increase their hedging ratio this year.