US Treasury Secretary Says Canada Can’t Become ‘Opening’ for ‘Cheap’ Chinese Goods U.S. Treasury Secretary Scott Bessent has criticized Canadian Prime Minister Mark Carney’s move to remove industry-specific tariffs on Chinese electric vehicles. Bessent expressed concern that this decision, made after Carney met with Chinese leader Xi Jinping, could negatively affect the upcoming renegotiation of the United States-Mexico-Canada Agreement (USMCA). He stated that Canada should not become a pathway for cheap Chinese goods to enter the U.S. market.

• U.S. Treasury Secretary Scott Bessent criticizes Canadian Prime Minister Mark Carney’s decision on Chinese EV tariffs.
• Carney’s decision to drop tariffs on Chinese EVs is seen as potentially impacting US-Canada trade talks.
• The renegotiation of the USMCA is scheduled to begin on July 1.
• Bessent fears Canada could become an entry point for cheap Chinese goods into the U.S.