Bessent warns Canada dangers ‘catastrophe’ amid commerce tensions with US

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Treasury Secretary Scott Bessent warned that any transfer by Canada to economically break from america could be "a catastrophe," dismissing latest remarks by Prime Minister Mark Carney as unrealistic and traditionally misguided.

"Canada depends upon the U.S. There's rather more North-South trade than there may ever be East-West commerce," Bessent stated Monday on "Hannity."

"He [Carney] talks about center international locations having to do their very own factor, and I am sufficiently old to recollect when French President François Mitterrand tried to go down that route. It failed again within the '80s, it's going to fail now."

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Treasury Secretary Scott Bessent speaks to members of the media exterior the White Home in Washington, D.C., on Nov. 5, 2025. (Eric Lee/Bloomberg through Getty Photographs)

Bessent argued that Carney ought to focus much less on pushing a "globalist agenda" and as an alternative do "what's finest for the Canadian individuals."

Carney stated Sunday that Canada has no plans to pursue a free commerce take care of China, pushing again towards President Donald Trump’s 100% tariff threat .

CARNEY PUSHES BACK ON TRUMP'S 100% TARIFF THREAT OVER CHINA TRADE DEALS WITH CANADA AMID TENSIONS

Prime Minister Mark Carney delivers a speech on the World Financial Discussion board Annual Assembly in Davos, Switzerland, on Jan. 20, 2026. (Harun Ozalp/Anadolu through Getty Photographs)

Carney stated Canada’s latest settlement with China solely rolled again tariffs in sectors that had been hit in recent times and didn't quantity to a free commerce deal.

He highlighted "center international locations" like Canada throughout a speech on the World Financial Discussion board's assembly in Davos, Switzerland, final week, suggesting greater powers ought to not set the phrases of the worldwide financial order.

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Whereas Carney didn't immediately reference Trump, his feedback had been broadly seen as a rebuke of Washington’s recent trade posture .

Bessent claimed Carney "aggressively" walked again a few of his remarks throughout a dialog with Trump within the Oval Workplace on Monday, although there was no public assertion from the prime minister confirming the retraction.