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US Treasury's Bessent says he is optimistic on trade deals with Canada, Mexico

Reuters

WASHINGTON, Nov 13 (Reuters) - Treasury ‌Secretary Scott Bessent said on Friday he believed the US would ​secure ‌trade deals with Mexico and Canada, ‌a day after President Donald Trump threatened to double tariffs on Mexico over ‌a migrant caravan.

"I am optimistic that we can get trade deals with Canada and Mexico," Bessent said in an interview with CNBC.

The ⁠US treasury chief did not elaborate. ‌Nor did he mention ⁠Trump's warning to Mexico on Thursday that ​he would double tariffs on the country if it did not stop more ​than 1,000 migrants walking north toward ​the ‌United States.

The tariff threat came amid sensitive ​US trade negotiations with Mexico and ⁠Canada that have continued after ‌Trump chose ​in July to not ​extend the US-Mexico-Canada trade pact.

Trump was elected to a second term as president in 2024 in part over concern among ‌US voters about the border. Since then, Trump has highlighted some migrant caravans ‌but ​also said in recent months the issue has become less politically potent for him and his fellow Republicans.

(Reporting by Doina Chiacu; Editing ‌by Alex Richardson and Katharine Jackson)