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Trump’s tariffs could flatten growth for U.S. economy, says RBC report

Economists at the Royal Bank of Canada have warned that while a full recession in the U.S. is unlikely, it could see an economic slowdown if Donald Trump's tariffs persist.



An RBC report indicates that Trump's tariffs, especially if sustained, could flatten U.S. economic growth in 2025, impacting the North American manufacturing sector, raising consumer prices, and potentially causing an economic slowdown in the U.S., while Canada faces a risk of recession.

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