Treasury official accuses Canada’s leader of abandoning US trade deal

The Trump administration recently applied 50% tariffs to Canadian imports such as alcohol and hockey skates after Ottawa did not approve a trade pact. Treasury Secretary Scott Bessent accused Prime Minister Mark Carney of abandoning the agreement, saying Canada was offered the best deal globally but turned it down at the final stage. Bessent argued the decision served the Liberal Party and Carney’s personal interests rather than Canadians.

Following the U.S. action, Canada suspended trade talks and imposed counter-tariffs on U.S. products. President Donald Trump stated he wants to keep Canadian goods out of American businesses, though firms relocating to the U.S. would avoid the duties. The comments were made during one outlet's interview on “Squawk on the Street.”