Carney Tells US to 'Stop Trying to Be Tough' Amid Trade Tensions

Canadian Prime Minister Mark Carney pushed back against the Trump administration's recent attacks, telling them to 'stop trying to be tough' and engage in serious trade negotiations. Carney accused the US of pursuing terms that could harm Canadian industries. In response, Treasury Secretary Scott Bessent downplayed the impact of a potential trade war with Canada, saying it would have 'virtually no impact on American prices.'

Bessent also defended Trump's economic leadership, despite the president's declining approval ratings on the economy. He blamed former President Joe Biden for higher prices and credited Trump with higher wages.

The US Treasury secretary announced a new financial literacy campaign, pitching a competition called the 'Financial Literacy Solutions Sprint' to leaders of the world's largest economies. The competition aims to discover innovative solutions to strengthen financial literacy.