Mark Slapinski

00:00:00.000 Canadian Prime Minister Mark Carney is in a world of trouble.

00:00:03.600 This comes after Fox News in the United States dropped the bomb on him and his government over the ongoing trade dispute with Donald Trump.

00:00:10.900 The fact of the matter is that Canada, we don't really have a good history when it comes to electing leaders that are well received by the international press.

00:00:18.920 Justin Trudeau, our former Prime Minister, he also wasn't very well received by the British and American press, to name a couple.

00:00:25.860 One example, a newspaper in England called The Telegraph described Justin Trudeau as a tyrant for trying to censor the internet with the Online Harms Act.

00:00:33.760 Now under this proposed bill, a person could be sent to jail for life, and I'm not kidding, sent to jail for life for posting something on the internet the government deems to be offensive.

00:00:43.240 Fox News in the United States also criticized Justin Trudeau for how he handled the Freedom Convoy protest.

00:00:48.840 And when it came out in court that his use of the Emergencies Act, otherwise known as the War Measures Act, was illegal, they called it an embarrassing loss for Trudeau.

00:00:59.080 And of course, Justin Trudeau is now gone. He's no longer the Prime Minister of Canada.

00:01:03.320 We have this other guy, Mark Carney.

00:01:05.500 Mark Carney, the former banker and self-described globalist. Make of that what you will.

00:01:10.220 And let's be fair, Mark Carney is a lot more intelligent than Justin Trudeau, and he's been laying off a lot of the virtue signaling statements that Trudeau was known for, or should I say infamous for.

00:01:23.260 But despite all of that, Carney is still not being very well received by the international press.

00:01:28.840 As Canada and America remain at odds over a trade dispute that Donald Trump started over fentanyl, there's now a new chapter to this story.

00:01:35.660 And it involves a bridge, the Gordie Howe Bridge to be exact, which connects the Canadian province of Ontario to the American state of Michigan.

00:01:43.320 So Fox News recently aired a segment where they completely ripped Mark Carney apart.

00:01:48.020 And just for some quick context, in Canada, where I'm making this video, we don't have a dedicated right-wing news station that broadcasts on TV.

00:01:55.720 We have news stations, but all of them are very left-wing.

00:02:00.500 If you ask these companies, they say they're politically neutral.

00:02:03.940 However, the people on my side, the conservatives, the consensus is that they're pretty left-wing.

00:02:09.060 President Trump turning up the pressure on Canada.

00:02:13.200 Is it really Canada? It's really Carney.

00:02:15.960 Warning that he could, president, could block the opening of the Gordie Howe International Bridge,

00:02:22.780 which connects Michigan and Ontario, until the United States is fairly compensated for that project.

00:02:29.960 The fact that Canada will control what crosses the Gordie Howe Bridge and owns the land on both sides is unacceptable to the president.

00:02:38.760 It's also unacceptable that more of this bridge isn't being built with more American-made materials.

00:02:44.180 He also believes that the U.S. should own at least half of the bridge, have shared authority over what passes across it,

00:02:50.240 and participate in the economic benefits generated by its use.

00:02:53.660 The president's battle over the bridge, the latest in a long spat with Canadian Prime Minister Mark Carney,

00:03:01.740 who Trump is accusing of dragging his feet on trade amid Trump's push to renegotiate the U.S. MCA trade agreement.

00:03:10.240 U.S. Trade Representative Jameson Greer addressing this this morning with our own Maria Bartiromo.

00:03:15.700 And we baked this into the U.S. MCA because for a long time, under NAFTA, there was no review scheduled.

00:03:23.680 There was never any opportunity to take a look at the agreement and adjust it if necessary, which makes no sense.

00:03:29.040 It makes no business sense. It makes no economic sense.

00:03:31.380 The Mexicans are being quite pragmatic right now. We've had a lot of discussions with them.

00:03:35.120 With the Canadians, it's more challenging.

00:03:36.980 The thing to keep in mind with Canada, this is a country that's 75% dependent on the United States for its gross domestic product.

00:03:45.760 We're always going to have some kind of a trading relation with Canada.

00:03:48.480 We have to make sure that it's fair. We have to make sure that it's equal.

00:03:52.400 I want to point out that what Fox News showed you here was just Donald Trump's side of the story.

00:03:56.460 And there's another side of the story.

00:03:58.320 However, I'm not going to get into that right now.

00:04:00.640 And I just want to show you what Fox News is saying about current...

00:04:03.140 Joining us now on set is the Heritage Foundation Chief Economist and Unleash Prosperity Senior Fellow E.J. Antony.

00:04:10.420 E.J., always good to see you.

00:04:11.980 All right, so let's talk Canada and bridges.

00:04:13.600 I like Gordie Howe, so I kind of want to see...

00:04:15.780 I like a bridge named after Gordie Howe.

00:04:17.880 The president...

00:04:19.680 Red rings?

00:04:20.180 That's right. I mean, he's awesome.

00:04:22.000 Okay, but...

00:04:22.640 So maybe the bridge is a big deal.

00:04:25.040 But let's talk about Canada, right?

00:04:26.680 We just don't seem any closer to a good trade agreement with Canada.

00:04:31.500 Is that a big deal in terms of the president's agenda, economic agenda in 2026?

00:04:37.720 I think it's a big deal for them, Brian.

00:04:39.500 It's not necessarily a big deal for us.

00:04:41.180 You can look at what's happening with their manufacturing sector, for example.

00:04:44.720 Since this whole trade spat began, it has really, really been hurting them.

00:04:49.620 And for good reason.

00:04:50.480 Look at the numbers.

00:04:51.420 Canada, you know, what is it, 80 or 90 percent of their exports just come here to the United States.

00:04:56.720 For us, it's single digits.

00:04:58.380 It's, I think, less than 10 percent of our exports are going to Canada.

00:05:01.900 In short, they need us more than we need them.

00:05:05.120 If you stop that international trade, sure, it hurts us economically, no doubt about it.

00:05:09.500 Sure, it's going to cause prices to go up, et cetera.

00:05:11.680 But it kills them.

00:05:13.340 And I think that's the big difference here.

00:05:15.020 So in short, Trump has all the leverage.

00:05:17.380 Personally, I just think it's hilarious.

00:05:18.840 He basically has, at this point, tricked the Canadians into potentially building a bridge to nowhere.

00:05:22.940 That's just funny to me.

00:05:23.920 I, but I'm, let me phrase this properly.

00:05:29.260 So the Wall Street Journal is reporting that Canada's Kearney is trying to actively resolve this dispute over the Gordie Cowell Bridge.

00:05:41.020 And that it's already, that Canada paid for the bridge's construction.

00:05:46.000 It's Michigan already holds an ownership stake.

00:05:49.740 U.S. materials and labor were used in the bridge.

00:05:52.380 But could this bridge then be the bridge, yes, pun intended, to an actual trade deal, like a full trade deal?

00:06:01.380 Like, could this be the opening for conversations?

00:06:04.000 Quite possibly, Dagan.

00:06:06.840 It's a really good point.

00:06:07.940 I mean, again, at the end of the day, I think what's important for the Canadians to realize is Trump just holds all the cards.

00:06:13.280 Whether it's this bridge in particular, whether it's trade between the two countries, generally speaking.

00:06:18.500 I mean, he really does have all the leverage here.

00:06:21.060 That can't be understated.

00:06:22.000 And I think the longer the Canadians wait to make some kind of deal with the president, the longer they wait to come to the table and negotiate in good faith, the worse off it's going to be for them in the long run.

00:06:32.460 Just really quickly, I get we hold the cards leverage-wise, economic leverage-wise, but does it, we talk about consumer sentiment in the narrative.

00:06:40.540 Does it create the sense, like, that we're not moving forward?

00:06:44.180 Does the American public look at this and say, oh, man, another fight with Canada.

00:06:47.280 Gosh, shouldn't we be teaming up with people to fight China instead of fighting our neighbors?

00:06:51.200 Is that a risk for the president?

00:06:53.000 He's been at this for a year.

00:06:54.260 Are people getting tired of that?

00:06:55.420 I don't know.

00:06:55.800 I'm asking you.

00:06:57.020 I don't think so, Brian.

00:06:58.120 When we break out things like the Consumer Sentiment Survey, when we break it out by political affiliation, Republicans think things are pretty much fine.

00:07:06.480 Their inflation expectations are darn near zero.

00:07:09.360 Meanwhile, Democrats think we're going to have the worst inflation in our nation's history.

00:07:12.740 So it really is just, I think, Trump derangement syndrome clouding some of those respondents' actual thinking.

00:07:18.080 That being said, I think what people are most concerned about is not the headlines, not what they see on the Wall Street Journal front page.

00:07:25.020 What they're really concerned about is things like, can I afford a home?

00:07:29.180 How much does my weekly paycheck actually buy me?

00:07:31.800 And as long as that is less than it was four, five, six years ago, I think people are going to be unhappy.

00:07:36.880 Even if things are heading in the right direction, because we haven't yet fully recovered all of our lost ground, that's what I think people are most upset about.

00:07:44.420 The soon-to-be head of the Federal Reserve, President Trump's pick, Kevin Warsh, there's much—he's talked about for a long time about how the blowout of the Federal Reserve's balance sheet,

00:08:00.460 which he was against, starting with the financial crisis in 2008, and then it was done again, up to almost $9 trillion during COVID, how that was a reverse Robin Hood, that it made the rich so much richer.

00:08:15.280 The closer you are to the spigot, the more wealthy you become, and it hurts working men and women.

00:08:21.680 So his goal, and he talked about Larry Kudlow last year, is to reduce the size of the balance sheet and then actually cut rates, which helps working folks.

00:08:33.160 But will he run into problems trying to reduce this balance sheet, which is only now about $6 trillion because of, well, because our markets, even our short-term funding markets for banks, can't handle it?

00:08:48.640 Right. Dagan, it's a great, great point. And I think this is where somebody like Warsh has a much better understanding of monetary policy than somebody like Powell does.

00:08:56.640 And actually, I think Warsh better understands what Powell has built than even Powell does.

00:09:01.400 Powell has created a very unique monetary framework that we never had before March of 2020.

00:09:06.780 And you can't simply do things like we're going to draw down—we're going to draw down the Fed's balance sheet or bank reserves and not undo everything else,

00:09:14.860 because you're going to run into the problem we had just at the end of last year, where reserves fell too low and the repo market was blowing up.

00:09:22.260 Sounds like he's going to have to put the puck in the net, kind of like Gordie Howe.

00:09:25.580 Maybe it's going to take a little finesse to get that done.

00:09:29.760 Dagan's still thinking about it, though.

00:09:31.360 No, I'm just thinking about hockey.

00:09:32.760 And what position on the ice is Scott Besant at the Treasury?

00:09:37.780 Because they're going to have to—because you heard it from President Trump.

00:09:41.360 They've got to work together in managing our debt and the borrowing and rolling it over and ballooning interest on our debt.

00:09:50.360 So there you have it.

00:09:51.060 Fox News just said what a lot of Canadians, a lot of people, a lot of Americans are saying to themselves.

00:09:56.840 And of course, Canada and America are better off as allies, not as enemies, not fighting a trade war.

00:10:03.540 And I don't think anyone, including myself, is arguing that.

00:10:06.320 And I will point out, I've been very critical of Trump in this whole process, but I'm not going to repeat what I've said before.

00:10:11.740 If you want to look that up, check out some of my other videos.

00:10:14.100 But I think the best criticism of McCartney, fair criticism, is that he definitely did oversell his ability to deal with Donald Trump.

00:10:21.160 He sold himself as this master negotiator, the chosen one to deal with Donald Trump.

00:10:26.040 He was supposed to get a deal with Donald Trump long before I made this video, and I just checked, and there's still no deal.

00:10:33.000 The question is, will this whole ordeal sway people over to Polyev's side?

00:10:37.500 Well, do you want the straight opinion?

00:10:39.220 I would hope so, but the reality is, we need to get this whole trade dispute resolved before we can have a serious conversation about getting Polyev into the Prime Minister's office.

00:10:48.520 There's so many things that Polyev wins on, such as cost of living, the economy, crime.

00:10:54.200 And he can win if he pushes those things.

00:10:57.460 I think if and when the political climate changes, Polyev will have a clear advantage.

00:11:02.240 And I still maintain hope that Polyev will be the next Prime Minister of Canada.

00:11:05.520 However, I do acknowledge that the path ahead is tricky.

00:11:08.300 The best we can do is just have faith, have patience.

00:11:11.800 We've made it this far, so we need to hold on just a little bit longer.

00:11:16.160 Thanks for tuning in.

00:11:17.380 I love all of you.

00:11:18.520 Talk to you soon, patriots.

00:11:19.660 Thank you.

Fox News Just ENDED Carney's LIFE

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