Bessent blames Carney as El-Sayed attacks Trump-Canada trade war

  • Bessent blamed Canadian Prime Minister Mark Carney for abandoning tariff negotiations, while Abdul El-Sayed condemned the resulting trade conflict in Michigan.
  • El-Sayed cited nearly $6,000 a year in additional costs for Michiganders, and Bessent said Canada’s economy was 13 times smaller than the United States’.
  • The dispute unfolded as both countries imposed tariffs, while the G20 considered global growth, Iran sanctions and China’s trade surplus.

Treasury Secretary Scott Bessent blamed Canadian Prime Minister Mark Carney for abandoning negotiations to avert steep U.S. tariffs on Canadian goods, while Michigan Democratic Senate candidate Abdul El-Sayed criticized the Trump administration’s expanding trade conflict with Canada. Speaking during G20 finance meetings in Asheville, North Carolina, Bessent dismissed concerns about a trade war with the United States’ second-largest trading partner, saying Canada could not sustain a tit-for-tat confrontation with an economy 13 times larger. El-Sayed said the policy was costing Michiganders nearly $6,000 a year for goods and services, while Republican Senate candidate and former Rep. Mike Rogers defended negotiations and President Trump said his tariffs had revived and saved the American automobile industry. At the G20, Bessent also pressed for stronger growth to address record global debt, weekly secondary sanctions against Iran, and a shift in China’s economy away from exports and its $1.2 trillion goods trade surplus toward domestic consumption.

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