PayPal CEO Alex Chriss expressed concern about the impact of the new tariffs implemented by US President Donald Trump, stating they could significantly increase costs for small businesses that depend on thin margins and overseas suppliers. Speaking at the World Economy Forum, Chriss emphasized the strain such economic disruptions pose, stating, "Small businesses are the lifeblood of our economy." Chriss also noted that some consumers are opting for local products amidst tariff uncertainties.
PayPal CEO Alex Chriss expressed concern about the impact of the new tariffs implemented by US President Donald Trump, stating they could significantly increase costs for small businesses that depend on thin margins and overseas suppliers. Speaking at the World Economy Forum, Chriss emphasized the strain such economic disruptions pose, stating, "Small businesses are the lifeblood of our economy." Chriss also noted that some consumers are opting for local products amidst tariff uncertainties.