US Treasury Secretary Bessent warns Canada trade war would raise US inflation by 0.02%

US Treasury Secretary Bessent stated that a trade war with Canada would only increase US inflation by 0.02%, noting that Canada's economy is too small to cause significant impact. Simultaneously, Bessent is pursuing G7 cooperation regarding trade with China. This strategic collaboration aims to reshape global trade policies, reduce overall reliance on China, and alter pricing dynamics across multiple industries to strengthen the economic positions of the G7 member nations against Chinese influence.