Besant calls anti-tariff TV ad ‘psychological operations’ and says Argentina’s bailout is still ‘America First’

Besant calls anti-tariff TV ad ‘psychological operations’ and says Argentina’s bailout is still ‘America First’

GettyImages-594771010-e1761511688161 Besant calls anti-tariff TV ad 'psychological operations' and says Argentina's bailout is still 'America First'

Treasury Secretary Scott Besent had sharply contrasting views of Canada, a long-time US ally and the main target in President Donald Trump’s trade war, and Argentina, which is getting a lifeline for the US currency.

in Interview Sunday on NBC Meet the Press with Kristen WelkerAnd he was asked about 10% additional tariff Trump said he would impose tariffs on Canada because of an anti-tariff television ad aired by the Ontario government.

“This is a kind of propaganda against American citizens,” Besant replied, using an abbreviation for psychological operations. “It’s psychological operations.”

The ad features statements from President Ronald Reagan criticizing the tariffs. Ontario’s premier said he would remove the ad on Monday, after the first two World Series games between the Toronto Blue Jays and Los Angeles Dodgers.

In a Truth is a social function On Saturday, Trump claimed the announcement was a “misrepresentation of the facts,” though trade experts say it is not, and a “hostile act.” He had earlier canceled talks with Canada regarding the announcement.

He also added that the goal is to influence the Supreme Court, which will hear arguments on November 5 in a case that impinges on his ability to invoke the International Emergency Economic Powers Act to justify tariffs.

The Canadian Prime Minister’s Office and the Ontario Premier’s Office did not immediately respond to requests for comment.

But during an economic forum in Malaysia, Prime Minister Mark Carney appeared to sideline Ontario, telling reporters that talks with the United States are “the sole responsibility of the government of Canada.”

Later in an interview with NBC, Picent was asked about the $20 billion currency swap line that the United States extended to Argentina, which is struggling to support the peso.

The bailout has come under criticism, including from Republicans such as Rep. Marjorie Taylor Greene, who questioned how Argentina’s billions of dollars in aid are “America First” while Americans suffer from rising costs.

“It’s America first because we support an ally of the United States,” Besant said. “There will be no losses to taxpayers. This is a barter line. This is not a bailout.”

He added that the money for Argentina comes from the Treasury Department’s Exchange Stabilization Fund, which has never lost money and will not lose money with its current program.

However, intervention in the US currency has so far failed to stop the peso’s decline. Wall Street expects Argentine President Javier Miley, who has drawn praise from Trump and other Republicans, to devalue the peso shortly after the country’s midterm elections on Sunday, with… Some analysts wonder whether the United States will get its money back.

Picente reiterated that the administration seeks to prevent the emergence of another “failed state” in Latin America that joins Venezuela.

“We therefore believe it is best to use American economic power in advance to stabilize a friendly government and lead the way,” he added. “Because we have many other governments in Latin America, Bolivia, Ecuador and Paraguay, who all want to follow suit. So I would rather extend the swap line than shoot at boats carrying drugs… coming from Venezuela.”

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