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

Bessent told Fox & Friends that the commander-in-chief’s top priority is living the living standards of ordinary Americans

The Treasury Secretary says that "access to cheap goods isn't the essence of the American Dream." But being profitable to grow and sustain a business is.

Scott Bessent emphasized the need to reprivatize the economy to fix the last administration’s mistakes. The secretary defended Trump’s policies, saying the president was trying to transition the economy to a private sector-powered one.

US Treasury Secretary Scott Bessent said Mexico has proposed matching Washington’s tariffs on China and urged Canada to do the same, signaling a potential path to avert levies on their own exports in the coming days.

U.S. Treasury Secretary Scott Bessent says he is not worried about inflation stemming from a trade war with Canada and Mexico.

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.

The US president had imposed sweeping 25% tariffs on his country's North American neighbours earlier this week.

Treasury Secretary Scott Bessent warned the U.S. economy could enter a "detox period" as the administration shifts from robust government spending.