US Treasury Secretary criticizes Canada for rejecting favorable terms
Geopolitics
US Treasury Secretary Scott Bessent criticized Canada at a press conference on the 24th, saying it had rejected favorable terms proposed by the United States in trade negotiations that broke down last week. He indicated that President Trump expects Canada to come to the negotiating table in good faith. The US administration imposed an additional 50 percent tariff on Canada on the 22nd. After Canadian Prime Minister Mark Carney announced plans to impose retaliatory tariffs on the United States starting on the 8th of next month, Trump said on the 24th that he intends to raise tariffs on Canadian-made automobiles and other goods to 50 percent. The trade friction between the two countries is escalating.
