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Bank of America CFO says business owners seek clarity on trade policy and prepare for a 'slow-growth environment'

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Despite uncertainty employment remains healthy, and consumers have proven resilient, BofA finds.
Bank of America's CFO, Alastair Borthwick, expressed concerns about the impact of current trade policies on business owners during a recent interview. He highlighted that the ongoing tariffs and trade uncertainties are contributing to a slowdown in business growth, as companies are hesitant to invest and expand due to the unpredictable economic environment. Borthwick emphasized that small and medium-sized enterprises are particularly affected, as they lack the resources to navigate complex trade regulations effectively. He called for more stable and clear trade policies to help boost confidence and stimulate economic growth among business owners.

Read the Full Fortune Article at:
[ https://fortune.com/2025/04/16/bank-of-america-cfo-business-owners-trade-policy-slow-growth-tariffs/ ]