Kevin O'Leary SLAMS Carney On Live TV
Episode Stats
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Summary
Canada s PM Mark Carney struck a deal with China, allowing them to sell their electrical vehicles in Canada, this move threatens to make a tense situation with the United States even worse. While Carney claims he s diversifying trade away from the United states to protect Canada s economy, experts are sounding the alarm warning him to be careful about doing business with communist China.
Transcript
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but i think liz what's really happening is the canadian prime minister is playing with fire
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mark carney's moves as of late have earned him praise and condemnation all over the world
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recently fox news in the united states aired a segment that was highly critical of the sitting
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prime minister now mark carney recently made a trade deal with china allowing them to sell their
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electrical vehicles in canada this move threatens to make a tense situation with the united states
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even worse while carney claims he's diversifying trade away from the united states to protect
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canada's economy experts are sounding the alarm warning him to be careful about doing business
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with communist china this is one of those experts joining us now to talk about this and the
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ramifications is dr michael pillsbury he's the heritage foundation senior fellow for china
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strategy and a fox news contributor michael the concern back on liberation day when president
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trump imposed tariffs on our closest allies including canada was the unintended consequence
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of pushing our allies into the arms of our rivals is that chicken coming home to roost with this
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canada china deal well it's a possibility but i think liz what's really happening is the canadian
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prime minister is playing with fire he's he's essentially taunting president trump that i'm not
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going to help you with the new order you want i'm going to make my own deal with china and president
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trump i think was quite a statesman about this trump quite quickly said i don't oppose you know
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it's a good if he can get a good deal with china fine go ahead i think this double meaning
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president trump has there liz is that china doesn't always implement or honor its trade agreements
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so it's a bit naive of the prime minister of canada to try to make his own deal without
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coordination with the united states he's probably just going to be taken to the cleaners and
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embarrassed in front of the voters that's my own forecast he shouldn't be taunting president trump
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this way they should be dealing with china together and there's he should be the prime
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minister of canada should be helping uh his own interest the 75 percent of canada's exports as you
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know very well go to america so we need to kind of rethink on the part of the canadian prime minister
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i think before he finds himself punished severely by president trump
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dr michael pillsbury makes some great points right here donald trump has previously retaliated
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against canada for going against america's wishes and there's a good chance donald trump will do that
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again regardless of how people feel about the american president he still holds the cards and
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trade negotiations in the short and medium term meaning that any wrong moves by carney could severely
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impact the canadian economy and of course of course the best outcome would be for canada and
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the united states to put aside their differences and start working together like they were previously
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however i have reason to suspect that's not going to happen and i'll explain that a bit more later in
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the video but first listen to what this fox news host had to say a couple of things here you are right
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the chinese do not adhere to promises that they make 100 that is so obvious however i think the word
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taunting saying that that uh mark carney is taunting the president some would say michael that it's his
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only way he sees out he has tried to strike deals with the president who keeps saying oh maybe we could
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buy canada i mean that's you know when you're sitting there and you're hosting a world leader in the oval
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office as president trump did mark carney and making that quote joke i mean what is he supposed to do
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and he's he's really come up against many walls when it comes to the united states so therefore
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some would argue he just went where he could turn i mean the wall street journal has has an op-ed today
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in it the headline is trump's lesson in how to turn u.s allies into china's friends and basically if you
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look at it he says i mean one of the first comment is why mr trump would want to head into midterm
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elections foisting higher prices on voters worried about affordability is a mystery that's about the
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greenland threats of tariffs but then they say the sad irony is that china and russia may be the
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biggest winners though mr trump justifies his greenland necessity in the name of deterring both
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canada's prime minister bent the knee to xi jinping this past week and britain's prime minister is
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heading there this month the eu and south american countries have struck a big free trade pack again
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perhaps they are being forced into this by president trump's constantly shifting tariff threats
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well the tariff threats are designed to get people who had major countries to change their policies
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they're it's not done some kind of a tax bill or something that's uh done for pure economic reasons
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and frankly what president trump would like uh is is more cooperation from other powers uh especially
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canada in dealing with tariff and trade issues but he got that with the united kingdom they just struck
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a deal that was too much fanfare making a huge deal of that and the uk parliament was expected i think
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in the next couple of days to approve it and now he threatens them with the rest of those european
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union countries of course the uk is not a member of the eu now but with new tariffs of 10 percent to 25
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right because he has this new idea about greenland
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uh i consider myself a friend of president trump i think i know he's thinking very well
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he's thought about tariffs as a political source of leverage since about 1987. he did it with japan he
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was quite focused on the role of tariffs as a political instrument as i said before not pure
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economics or some kind of attacks so what is happening now is if you if you look more carefully
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than many have done the canadian prime minister's actual words he gave a speech in beijing he gave a
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speech in gutter he's talking about the world order that there's now instability he's hinting pretty
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strongly that president trump is upsetting the entire world order and so he the humble prime
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minister of canada has to do something about that i think that's fundamentally wrong if he wants to
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criticize trump's approach to the new world order he should do it face to face with president trump
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this kind of public attack on his biggest ally in the export market is just unwise and he may pay
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a price in the polls and to be fair this is an incredibly risky move by carney if canadians feel
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that the economy is worse off and carney was responsible for making it worse off that's going
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to hurt him in the next election perhaps ironically if america chooses to retaliate against carney
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over this new trade deal that could actually help conservatives in the long run it's going to hurt
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canada in the short term but it could help us conservatives in the long run carney was mostly
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elected to get a deal with trump so if he proves that he cannot get a deal with trump his voters
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are not going to be happy i'll tell you it'll be interesting to see as things get more expensive
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if these tariffs do go into place it'll it's really something that we have to watch by the
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way the chinese the chinese love to see us squabbling among our allies you know what i'm a
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frequent visiting china but president trump is the one squabbling and yet he rolls out the red carpet
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for vladimir putin of russia and instead then starts threatening greenland i mean you understand how
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this is perceived i think at the end of another year or two we're going to see some real accomplishments
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by trump and people will look back and see oh my god he applied leverage very cleverly to get these
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agreements we didn't see it at the time what we saw is the rhetoric and who's getting along and the
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wall street journal you know saying you're turning off your allies trump wants to get results if you
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look at his career in new york he was focused on results the bottom line how you get there
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is you use leverage so that's what we're seeing today i i hope to see you again liz in two years
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and talk about this sooner sooner than that my friend you know you know i got a brain crush on you
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michael my dear michael pillsbury thank you so much for coming on so to start off i want to commend that
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fox news host if you know anything about fox news they're usually a hundred percent pro trump
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so it was nice to see a bit of pushback from that host right there so going back to dr pillsbury the
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guy speaking in this video i think there is genuine concerns on both sides and of course everybody would
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like to see canada and america go back to the same trading relationship they had back in 24. now i think
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the biggest criticism that anybody could make and conservatives can take this point is that carney
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clearly misled canadians he misled voters about his ability to deal with donald trump he was supposed to
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get a good deal with donald trump and last time i checked there's no deal however donald trump doesn't
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appear to be acting in good faith himself he has said multiple times that america doesn't need anything
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that canada has then at the same time he also says that he wants to make us the 51st state on top of
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that he has indicated that he's not interested in renegotiating kuzma which means that a trade deal
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might not even be possible now i really want my viewers to understand this donald trump's recent
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comments about greenland all that does is push people away from the united states and pushes them
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into the hands of people like carney unless donald trump knocks this off it's unlikely that we're
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going to get a conservative government in canada anytime soon but that's not to say i don't have
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faith in polyev and i don't expect him to win i still think he's going to be the next prime minister
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of canada but unfortunately it's probably going to take a little bit more time than i previously
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expected i also think that if polyev was in power he would have done a better job negotiating with trump
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he would have been more aggressive in trying to secure a deal and explaining to trump why a good
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relationship between canada and the usa is good for both parties and at the same time he would
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have been more aggressive in pushing forward natural resource development projects in pipelines now on
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one hand i don't want conservatives to lose hope and i want to remind you all we need to hang in there
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but on the other hand i also want to point out that the biggest hindrance to a conservative
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government in canada right now is donald trump let's keep our fingers crossed that this whole
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issue with greenland and denmark gets resolved and it gets resolved peacefully and it gets resolved
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fast i don't know what's gotten into donald trump as of late but he needs to stop threatening to invade
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his allies especially over an isolated ice sheet that doesn't make any sense and that needs to stop
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so once again fingers crossed that's all we can really do right now thanks for tuning in