{"id":376610,"date":"2025-12-29T21:35:11","date_gmt":"2025-12-29T21:35:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/376610\/"},"modified":"2025-12-29T21:35:11","modified_gmt":"2025-12-29T21:35:11","slug":"bank-of-america-ceo-moynihan-predicts-tariffs-will-ease-in-2026","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/376610\/","title":{"rendered":"Bank of America CEO Moynihan Predicts Tariffs Will Ease in 2026"},"content":{"rendered":"

Moynihad said during an interview<\/a> Sunday (Dec. 28) with CBS News that he thinks the President Donald Trump administration will commit to \u201cde-escalation, not escalation,\u201d with an average of 15% tariffs. He also said he expects higher rates for countries that won\u2019t agree to U.S. purchases or to lowering non-tariff barriers.<\/p>\n

\u201cTo go from a 10% across the board to 15% for the broad base of countries, not a huge impact,\u201d Moynihan said. \u201cAnd that\u2019s where our team says it\u2019s starting to de-escalate.\u201d<\/p>\n

He added that China is \u201ca different question because [of] the national security interests, the rare earth minerals \u2026 AI, all that stuff,\u201d as is Mexico.<\/p>\n

\u201cBut broadly in the world, you can see sort of the endpoint here\u2026,\u201d Moynihan told Margaret Brennan of CBS\u2019 \u201cFace the Nation.\u201d<\/p>\n

Moynihan\u2019s bank is the United States\u2019 largest small business lender, and Moynihan said small business customers are facing issues beyond just tariffs, such as labor shortages.<\/p>\n

Advertisement: Scroll to Continue<\/p>\n

\u201cBecause the immigration policies haven\u2019t settled in yet, and that\u2019s causing people concern,\u201d he said. \u201cIt\u2019s not that they agree with them or are disagreeing. They just need to have the answer, and that\u2019s what they\u2019re looking for.\u201d<\/p>\n

Middle-market companies are hurting as well, according to the PYMNTS Intelligence report \u201cTariffs Turn Up the Heat as Product Leaders Confront Peak Uncertainty<\/a>.\u201d Based on an October survey of product chiefs at U.S. firms with $100 million to $1 billion in yearly revenue, the report found that almost half of product leaders at goods-producing companies said tariffs are impacting their business finances.<\/p>\n

\u201cAt the same time, companies are navigating an information vacuum<\/a>,\u201d PYMNTS wrote Dec. 22. \u201cThe federal government\u2019s decision to cancel the advance estimate of third-quarter GDP, combined with a delayed retail sales report that ultimately showed slowing consumer spending, has left firms without reliable signals about demand or economic momentum.\u201d<\/p>\n

Tariffs were among the reasons that this year \u201crewrote the realities of global trade<\/a>\u201d in several ways, PYMNTS reported separately on Dec. 22.<\/p>\n

\u201cOne of the bigger supply chain stories of 2025 wasn\u2019t the existence of tariffs themselves, but how quickly seemingly minor blind spots in vendor oversight turned into material financial, legal and reputational threats,\u201d the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"Moynihad said during an interview Sunday (Dec. 28) with CBS News that he thinks the President Donald Trump…\n","protected":false},"author":2,"featured_media":376611,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[14736,28,101,3,3300,23669,759,3301],"class_list":["post-376610","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-bank-of-america","tag-business","tag-economy","tag-news","tag-pymnts-news","tag-smbs","tag-tariffs","tag-whats-hot"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/376610","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=376610"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/376610\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/376611"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=376610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=376610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=376610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}