Exceptions under the trade deal, known as USMCA in the U.S., protect Canada from the heaviest impacts of U.S. President Donald Trump’s tariffs. Trump on Saturday threatened to impose a 100 per cent tariff on goods imported from Canada over a trade deal Carney is pursuing with Beijing. “I would not pick a fight going into USMCA to score some cheap political points — either you’re working for your own political career or you’re working for the Canadian people,” Bessent said during a CNBC interview. “To be absolutely clear, and I said this to the president, I meant what I said in Davos,” Carney told reporters. The North American trade agreement signed in 2020 during Trump’s first term, but lately the Republican president has expressed indifference to it.