Corporate executives are voicing their concerns about President Trump's recent tariffs, highlighting the significant impact on their businesses and the broader economy. In earnings calls and conferences, leaders from companies like Best Buy and RBC noted that these tariffs represent an unprecedented challenge. Best Buy CEO Corie Barry thanked an analyst for steering away from tariff questions, highlighting their prevalence in discussions. RBC CEO David McKay emphasized that the current tariff situation deviates from the foundational principles of American economic success, while also suggesting that trade will continue despite the tariffs.
Thank you for the question that wasn't tariff-related, Anthony," Best Buy CEO Corie Barry said during an earnings call Tuesday, during which she fielded multiple queries on the topic.
We've not seen this level of tariff before," RBC CEO David McKay said Tuesday at a conference hosted by the bank in New York. "And it's a real departure from what's built, I think, some of the great pillars of success in this country.
Even with all the tariffs, we're going to have a lot of trade."
And don't be surprised if companies hike prices - fast.
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