Recently, with tariffs becoming an ever-changing aspect of global trade policy, we would like to keep you informed about the potential economic impact.

The U.S. imposed a 10% tariff on Chinese imports, followed by further developments, including a 25% tariff on all steel and aluminum imports (impacting Canada) and proposed reciprocal tariffs on U.S. goods. These shifts highlight how tariffs are being used as both economic tools and strategic levers in trade negotiations.

To realize the broader implications, we are sharing this 30-minute video featuring Eric Lascelles, Chief Economist at RBC Global Asset Management. He provides insights into how tariffs affect economies, businesses, and consumers, along with possible future scenarios.

While some details have evolved since the video’s production on February 5, 2025, the fundamental principles remain highly relevant.

For a deeper understanding, set aside 30 minutes to watch the full video here: Navigating the Uncertain Waters of Tariffs.

As always, we are here to discuss any questions you may have and how these developments may impact your portfolio. We are actively monitoring the effects of these trade policies and will make any necessary adjustments to portfolios, as the situation evolves.