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.
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.
The meeting, which China and Russia are attending, is focused on the ongoing economic shock from the war in Iran, which has driven up oil prices globally.
Treasury Secretary Scott Bessent and the Federal Reserve chairman, Kevin Warsh, in Asheville, N.C., before the summit. The International Monetary Fund has projected that global growth will slow this year and that inflation will rise.
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.
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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