Lates News

Jane Fraser, CEO of Citigroup, said on Monday that most of the bank's commercial clients can absorb the 10% tariffs imposed by the United States on their trading partners. However, she warned that companies are currently holding back on investment and hiring decisions until the economic situation becomes clearer. Fraser said at the Milken Institute Global Conference in Los Angeles, "If it's 10%, most of the clients we talk to say, 'Yes, we can handle it. If it's 25%, not so much." "Most companies are in a state of uncertainty... Some have paused investment spending and decisions regarding capital expenditure and hiring are on hold. This will have an impact on demand and the economy."