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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.

© Carlos Osorio/Reuters

The newly opened Gordie Howe International Bridge, linking Detroit and Windsor, Ontario, last month. Both the United States and Canada have announced high tariffs on each other’s products.
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U.S. Unveils Campaign to Cripple Iran’s Economy, but Offers Few Details

Treasury Secretary Scott Bessent acknowledged the effort was more of a warning shot that would begin a period of “quiet diplomacy.”

© Evelyn Hockstein/Reuters

Treasury Secretary Scott Bessent said the United States would “tighten the noose” around Iran by imposing sanctions on every source or facilitator of its revenue.
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Bessent is expected to announce new measures aimed at isolating Iran.

Treasury Secretary Scott Bessent will hold a news conference outlining the new package of measures.

© Kenny Holston/The New York Times

Treasury Secretary Scott Bessent said last week that countries that continue to do business with Iran would face the “full might and force” of the U.S. government.
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