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US Treasury Secretary Downplays Canada’s Trade War Capacity at G20

U.S. Treasury Secretary Scott Bessent dismissed concerns about a potential trade conflict with Canada during G20 finance meetings, asserting that Ottawa lacks the economic leverage to mount significant retaliation. The remarks highlight escalating tensions over tariffs and cross-border energy dependencies as both nations navigate their financial negotiations.

31 Aug, 13:41 — 31 Aug, 20:47
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Sources

Showing 5 of 7 sources
NYTMostly Factual1h ago

Bessent Claims Canada Is Too Small to Fight a Trade War With the U.S.

At gathering of G20 finance ministers, the Treasury secretary accused Canada’s prime minister of starting a “political shouting match” over U.S. trade policies.

By Alan Rappeport

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cbcHigh4h ago

America 'not at war' with Canada, insists U.S. Treasury Secretary Scott Bessent

United States Treasury Secretary Scott Bessent insisted his country is "not at war" with Canada, then proceeded to mock the threat Canada could pose to his country with "submarines from the Edmonton mall."

By Peter Zimonjic

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SCMPMostly Factual2h ago

US targets China’s global trade surplus at G20 meeting ahead of Xi-Trump summit

US Treasury Secretary Scott Bessent on Monday targeted China’s global trade surplus, raising concerns over “excessive imbalances,” weeks before Chinese President Xi Jinping is expected to arrive in Washington for a bilateral summit with US President Donald Trump. “We are confronting persistent global imbalances that undermine prosperity,” Bessent said in his opening address at the G20 Finance Ministers’ meeting in Asheville, North Carolina. The United States holds the G20 presidency in 2026,...

By Nayan Seth

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globe-and-mailHigh6h ago

Bessent to meet with Canadian counterpart at G20 finance chiefs meeting

U.S. Treasury Secretary did not confirm who he would be meeting with from Ottawa or what they planned to discuss

By Irene Galea, Bill Curry

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press-tvLow8h ago

Explainer: As US-Canada trade war heats up, what do tariffs and counter-tariffs mean for friends-turned-foes - PressTV

Explainer: As US-Canada trade war heats up, what do tariffs and counter-tariffs mean for friends-turned-foes  PressTV

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