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Bessent blames Carney for collapse of U.S.-Canada tariff talks

  • Scott Bessent blamed Mark Carney for the collapse of U.S.-Canada trade talks.
  • 13 times larger was Bessent’s comparison for the countries in a tit-for-tat trade war.
  • Asheville, N.C., hosted Bessent’s Monday CNBC interview about the negotiations.

Treasury Secretary Scott Bessent blamed Canadian Prime Minister Mark Carney for the collapse of trade talks aimed at averting steep U.S. tariffs on Canadian goods. In a Monday CNBC interview, Bessent dismissed concerns about a trade war with Canada, saying a tit-for-tat confrontation was difficult with a country 13 times larger. He called the breakdown unfortunate and said Carney had turned the negotiations into a political shouting match.

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