Business clients can handle 10% tariffs but are hesitant to invest or hire

From Yahoo Finance: 2025-05-05 12:15:00

Citigroup CEO Jane Fraser stated that most business clients can handle 10% U.S. tariffs, but are hesitant to invest or hire due to economic uncertainty. Companies are holding off on spending decisions, impacting demand and the economy. The U.S. economy shrank in Q1 due to increased imports to avoid tariffs, with the IMF predicting only 1.8% GDP growth in 2025. Citi and Apollo provided $800 million for a financing deal related to Boeing. Apollo is offering private credit to help fund Thomas Bravo’s acquisition of Boeing’s Jeppesen unit. Citigroup and Apollo previously partnered for a $25 billion credit program.



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