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Trump's Tariffs Could Stunt Economic Growth, Warns RBC CEO McKay

Trump's Tariffs Could Stunt Economic Growth, Warns RBC CEO McKay
3 months ago

In a recent revelation, Dave McKay, the Chief Executive Officer of the Royal Bank of Canada (RBC), has expressed significant concerns regarding the potential adverse effects of former President Donald Trump's tariffs on the U.S. economy. During a conference, McKay voiced his apprehensions about the tariffs implemented under Trump's administration, emphasizing that they could lead to decreased economic growth and increased inflationary pressures.

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