Stephen Poloz warns US tariffs will destroy income

bnnbloomberg.ca

Former Bank of Canada governor Stephen Poloz stated U.S. tariffs will cause the greatest intentional destruction of income ever. He estimates a 10% tariff could reduce global income by two percentage points, equating to $2 trillion this year and $40 trillion over a decade. Poloz made these remarks at an AI symposium, linking current trade tensions to historical patterns of industrial revolutions and their disruptive economic and political consequences.


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Stephen Poloz warns US tariffs will destroy income | News Minimalist