Scott Bessent Responds to Canada's Retaliatory Tariffs With a Brutal Reality Check

In a CNBC interview Monday, Bessent laughed off the idea that Ottawa could meaningfully pressure the United States as the two countries escalate their trade war.  - Dmitri BoltFollow @_bolt_dmitri
The exchange came just a week after Washington and Ottawa imposed 50 percent tariffs on one another following failed negotiations to come to a trade agreement the Trump administration found satisfactory.

• Bessent argued that Canada cannot realistically go “tit for tat” with an economy roughly 13 times larger, dismissing the idea that Ottawa could pose any serious threat to the United States...