Bessent: Optimistic About Reaching Trade Deals with Canada and Mexico
nashnova research
Treasury Secretary Bessent said on Nov 13 he is optimistic about trade deals with Canada and Mexico — one day after Trump threatened to double tariffs on Mexico. The two signals point in opposite directions, and the outcome remains unclear.
What exactly did Bessent say?
In a CNBC interview, Bessent stated: "I am optimistic that we can get trade deals with Canada and Mexico."
He offered no specifics and made no mention of Trump's tariff threat against Mexico the day before.
This means → the remark reads more as a political signal than evidence of real progress at the table.
What was Trump doing at the same time?
One day earlier, Trump warned he would double tariffs on Mexico if it did not stop over a thousand migrants heading toward the US.
In plain terms = the Treasury Secretary says "we're close," while the President waves the tariff stick — the two messages clash.
This reflects an inconsistency in the signals coming out of the White House on trade.
Where is the negotiation stuck?
In July, Trump chose not to renew the USMCA (United States–Mexico–Canada Agreement), triggering fresh three-way talks.
Those talks are still ongoing with no public timeline or framework deal in sight.
This means → Bessent's "optimism" and Trump's "threat" are both hanging in the air — whether a deal lands remains an open question.
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