The focus is back on former U.S. president Donald Trump’s regressive trade policies after the first U.S. presidential debate and heading into November’s elections.
On his campaign trail, Trump has promised to impose hefty tariffs on imports if elected for a second term—suggesting 60% tariffs on imports from China and 10% tariffs on all other imports across the board.
in this week’s episode of the 10-Minute Take, RBC economists Claire Fan and Carrie Freestone look back at tariffs imposed by Trump during his last presidency and their impact on the U.S. economy. They’ll debunk some of the common misconceptions about the impact of tariffs on economic growth and job creation, before moving on to answer key questions such as what to expect this time around, and how Canada fits into it all.