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Citigroup CEO says most business clients can absorb 10% tariffs

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Citigroup CEO Jane Fraser said on Monday most of the bank's business clients could absorb U.S. tariffs of 10% on the nation's trading partners, but cautioned that companies are waiting on investments and hiring until there is more economic clarity.
Citigroup CEO Jane Fraser stated that most of the bank's business clients are capable of absorbing the proposed 10% tariffs on goods imported from China, as discussed during her speech at the Australian Financial Review Business Summit in Sydney. She noted that while the tariffs would impact costs, many clients have the financial resilience to manage these increases, although smaller businesses might face more challenges. Fraser also mentioned that the potential for these tariffs to escalate trade tensions between the U.S. and China remains a concern, but overall, the business community is adapting to the possibility of such economic measures.

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[ https://www.msn.com/en-us/money/news/citigroup-ceo-says-most-business-clients-can-absorb-10-tariffs/ar-AA1EcTv3 ]