OceanFirst Bank CEO Highlights Small Business Concerns Amid Tariff Uncertainty
March 26, 2025 - 16:15
Chris Maher, Chairman and CEO of OceanFirst Bank, has shared his insights regarding the current sentiment among small and medium-sized businesses in the United States. As the nation grapples with ongoing tariff uncertainties, many business owners are exhibiting a cautious and concerned outlook. Maher emphasizes that this apprehension is largely driven by the unpredictability of trade policies and their potential impact on operational costs.
The CEO notes that small businesses, which are often more vulnerable to economic fluctuations, are facing challenges in planning for the future. This uncertainty is causing many to hesitate in making significant investments or expanding their operations. Maher calls attention to the critical role that stable trade policies play in fostering a conducive environment for growth and innovation.
As businesses navigate these turbulent waters, Maher advocates for clearer communication from policymakers to help restore confidence and encourage economic resilience among small enterprises. The future of many businesses may hinge on how effectively these challenges are addressed in the coming months.
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