As the threat of tariffs has been evolving, economists have been busy assessing the potential economic fallout. In this episode, RBC Economics’ Carrie Freestone and Claire Fan discuss:

-What we know about the tariffs announced, what retaliation could look like and how these forces will impact both the Canadian and U.S. economies.

-What Bank of Canada Governor Tiff Macklem said in the January meeting about how the Bank could respond.

-How markets reacted to tariff news and how we are assessing the balance of risk between a hit to demand and price pressures arising from potential policies.

Join us as we unpack how we’re thinking about the potential damage from a trade war.