US Treasury Chief Urges Canada and Mexico to Match US Tariffs on China
US Treasury Secretary Scott Bessent has urged Canadian and Mexican officials to match the US tariffs on Chinese goods, following a US tariff increase from 10% to 20%. The move comes as the US seeks to bolster its borders against fentanyl trafficking. Canada and Mexico are facing pressure from the Trump administration to secure their borders and curb the flow of Chinese imports.
- This push for bilateral cooperation could potentially create a "fortress" North America, shielding the region from China's economic influence and undermining the country's reputation as a global trade hub.
- Will the escalating tensions between the US and China lead to a more widespread trade war, with other countries caught in the middle?