Trade

RBC’s McKay Warns of Hit to Economic Growth From US Tariffs

Trump Tariffs on Canada, Mexico, China Come Into Effect

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By Christine Dobby

March 4, 2025 at 1:53 PM UTC

Updated on

March 4, 2025 at 2:30 PM UTC

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Royal Bank of Canada’s Dave McKay said he’s hopeful US tariffs end up being temporary but that it’s disappointing to see the trade war started by President Donald Trump potentially impeding broader economic growth.