U.S. Treasury Secretary Scott Bessent called Canadian Prime Minister Justin Trudeau a "numbskull," warning his tough approach with the U.S. will lead to higher tariffs on Canadian imports. President Trump "has said many times that tariff is his favorite word,
U.S. Treasury Secretary Scott Bessent told Fox Business host Larry Kudlow Thursday that world leaders emulating “a numbskull” like Canadian
Describing the economy as inherited is a reference to the administration under then-President Joe Biden. Current President Donald Trump took office on Jan. 20. Under Biden, the U.S. saw generally strong economic growth. However, there were signs of a slowdown in late 2024, and inflation remained above the Federal Reserve's 2% target.
U.S. Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss the state of the economy, U.S. foreign trade relations, economic impact of President Trump's tariffs policy, strength of the U.S. dollar,
The US president had imposed sweeping 25% tariffs on his country's North American neighbours earlier this week.