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Treasury Secretary Scott Bessent labels Canada’s trade pivot with China a reversal of prior policy
Jan 25, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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Scott Bessent criticizes Mark Carney's recent agreement with Beijing, claiming it contradicts previous commitments made by Canada. This could escalate trade tensions with the U.S., especially with the risk of 100% tariffs if Canada is perceived as a trade loophole.
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Scott Bessent isn’t buying what Mark Carney is selling. The Treasury Secretary said Sunday that Carney’s latest deal with Beijing is a flat-out reversal of what Canada agreed to just months ago. He said this directly backs Donald Trump’s warning that Canada could face 100% U.S. tariffs if it keeps acting as a trade loophole […]
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