What Does a Second Trump Presidency Mean for Trade?

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.

By Claire Fan and Carrie Freestone
Published July 17, 2024 | 1 min read

Key Points

  • 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.
  • 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.

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.

Listen to the full insight here.

Our Experts

Claire Fan
Claire Fan
RBC Economist
Carrie Freestone
Carrie Freestone
RBC Economist

 

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