US to slap full tariffs on Canada if it seals China trade deal, says Scott Bessent

AI Summary
The United States, through Treasury Secretary Scott Bessent, threatened to impose 100% tariffs on Canadian imports if Canada finalizes a new trade deal with China. This threat follows a similar statement from President Trump. The US fears Canada could become a conduit for cheap Chinese goods entering the US market. The potential deal between Canada and China, announced in January, includes reduced Chinese tariffs on Canadian canola and visa-free entry for Canadian visitors, while Canada would import Chinese electric vehicles under preferential tariffs. This development occurs amidst existing trade tensions between the US and Canada, marked by US import duties on Canadian goods.
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This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).
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