Trade
Bessent Sees Canada’s Carney Making ‘About-Face’ on China Trade
Canadian Prime Minister Mark Carney, left, and Chinese President Xi Jinping at the Great Hall of the People in Beijing on Jan. 16.
Photographer: Sean Kilpatrick/The Canadian Press/APTreasury Secretary Scott Bessent suggested that Prime Minister Mark Carney did an “about-face” by striking a deal with China to lower some trade barriers, reinforcing President Donald Trump’s latest tariff threat against Canada.
“The Canadians a few months ago joined the US in putting high steel tariffs on China because the Chinese are dumping,” Bessent said Sunday on ABC’s This Week. “The Europeans also have done the same thing. And it looks like that Prime Minister Carney may have done some kind of about-face.”