PJ The Belt - August 23, 2025


Canada Officially FORCED to CAVE! – Trump Scores HUGE WIN on Trade!


Episode Stats


Length

8 minutes

Words per minute

152.21725

Word count

1,349

Sentence count

97

Harmful content

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Mark Carney announces the removal of all of the retaliatory tariffs that were imposed on the United States as a response to Donald Trump's initial tariffs on Canadian exports to the U.S. on fentanyl and illegal immigration into the country.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey everybody, PJ here. Figured out comment about the latest announcement from the government of Canada. Mark Carney recently came out saying that they're going to be removing all of the retaliatory tariffs that were imposed in the United States as a response of some sort to Donald Trump's initial tariffs that he put on the trafficking of fentanyl and the illegal immigration that is pouring from Canada.
00:00:30.000 Into the United States. And those were the previous reasons that Donald Trump had given the Canadian government, but the Canadian government decided to put their elbows way up and retaliate, pretty much being one of the few countries in the whole world that actually retaliated.
00:00:46.640 I believe it was pretty much Canada and China, the two significant countries that decided to actually impose tariffs of their own against the United States, which is obviously an irony because Canada is incredibly dependent economically speaking.
00:01:06.700 I would dare say defense-wise too, militarily speaking, but when it comes to this particular topic, economically speaking, Canada is incredibly more dependent on the United States than vice versa.
00:01:18.940 Of course, absolutely, the United States definitely does a good chunk of trade with Canada, but Canada does the overwhelming majority of its trade with the United States just south of the border.
00:01:32.700 Each and every province of this country, including provinces like Alberta, my home province with all the oil and all the gas, north of 80% of our trade is with our friends south of the border.
00:01:46.100 So let's take a look at what Carney actually had to say.
00:01:49.140 Your critics are going to say that this is an elbows-down approach, that you're backing down to Trump.
00:01:54.620 What are you gaining by dropping these tariffs?
00:01:57.560 So the first thing to say is, let's be clear.
00:02:02.620 We have the best deal of anyone in the world right now.
00:02:06.820 We have the lowest tariff rate on average, a little over 5.5% versus that 16% average for the world, and in many cases, much higher.
00:02:16.460 We have that confirmed in the executive order of the president a few weeks ago.
00:02:23.420 It's important that we preserve that.
00:02:25.700 It's important that we preserve that.
00:02:26.880 Well, we focus on two things.
00:02:28.700 The strategic sectors, steel, aluminum, autos, lumber, and we focus on the upcoming review and changes, likely changes to Kuzma.
00:02:38.800 So we are matching something the Americans have done here first, and it's very significant, it's unique, we get the benefit.
00:02:50.060 The second thing is, you know, and I'll take your analogy, and I have played some hockey over the years, and there is a time in a game, in a big game, and this is a big game, when you go hard in the corners, the elbows up, the time in a game, we drop the gloves in the first period and just send a message.
00:03:15.120 And we've done that pretty uniquely in the world.
00:03:22.780 We happen to have the best deal with the Americans right now.
00:03:25.700 I don't.
00:03:27.100 But there's also a time in a game where you want the puck, you want a stick handle, you want a pass, you want to put the puck in the net.
00:03:33.220 And we're moving later into the game, and we're at that time of the game.
00:03:36.780 And that's where the engagement is.
00:03:38.300 Thank you.
00:03:38.660 So there you have Carney looking defeated as hell, just talking about, you know, it's the smart thing, trying to look in control when he clearly is just showing unconditional surrender, like Trump said that he eventually would.
00:03:54.580 Because, I mean, at the end of the day, the United States is literally the biggest economy in the world.
00:04:00.060 Love him or hate him, everybody wants a piece of the American economy, especially when you're a country like Canada, where a majority of your exports are sent to the United States, and a big, big, significant amount of your imports come from south of the border.
00:04:15.700 There are only so many elbows that you have to be, you know, keeping up or whatever the whole thing is with those leftist retards. 0.99
00:04:23.560 So you can see he's looking all defeated, and he's always making these hockey analogies to try to stay Captain Canada and, you know, rallying the troops and whatnot.
00:04:35.400 But the reality is the following.
00:04:36.900 He had to surrender, and he had to surrender unconditionally because the Canadian economy is crumbling.
00:04:42.320 We're not doing well here.
00:04:43.540 Our dollar continues to decline, and our industries are all suffering from having this trade war going on between the United States and Canada.
00:04:54.620 And our retaliatory tariffs are not really hurting America because it's such a small piece of the pie for them that it really is just hurting us up here in Canada.
00:05:04.400 And the irony of this whole thing is the fact that the United States hasn't even fully gone off on Canada.
00:05:10.980 They've actually been taking it easy on Canada.
00:05:13.620 They haven't.
00:05:14.840 Like, if America actually wanted to ruin Canada economically, they would have.
00:05:19.400 There's a recent interview that the ambassador of the United States to Canada had where he explained that the United States has actually exempted all the NAFTA or USMCA-compliant goods.
00:05:33.400 But Canada hasn't returned the favor, and Canada has actually been tariffing things that are USMCA or KUSMA-compliant, which is really a low blow to a country that's literally going easy on you.
00:05:47.860 Watch this video.
00:05:49.040 Oh, yeah.
00:05:49.360 I think some of the retaliatory tariffs to the U.S. are a huge irritant.
00:05:57.360 But we have protected the integrity of KUSMA, okay?
00:06:03.540 Our negotiators have said, we are not going to implement tariffs on any products that are covered under KUSMA.
00:06:13.020 Canadians have said, those guardrails are off.
00:06:17.540 I think since April, they have been tariffing U.S. products that are part of the KUSMA agreement, okay?
00:06:26.960 The products that are covered under KUSMA are going into the U.S. tariff-free, and the ones going north are covered or now have this, I think, 25% tariff on them, okay?
00:06:43.020 And so what it means is I know from American companies, they're saying, hey, we're basically going into Canada, and we can't sell because we've got a 25% tariff,
00:06:54.920 while our Canadian competitors are coming into the U.S. with no tariffs at all.
00:07:00.480 You put that together with the actions of your provinces, where they're saying, in certain cases, they're saying, all right, we're going to first buy product from our province.
00:07:15.300 If the product from our province is not available, we are going to buy Canadian.
00:07:20.760 If there's not a Canadian product available, we're going to buy international.
00:07:25.260 And if there's not an international product available, then we may finally consider buying American or maybe not buying at all.
00:07:35.080 So there you have it.
00:07:36.320 The United States has actually been going easy on Canada, and Canada, as always, has been basically backstabbing the United States.
00:07:44.360 I don't think the elbows-up types, the leftist lunatics, just understand just how easy it would be for the United States to actually ruin the Canadian economy.
00:07:56.300 Like, their economy is 10 times bigger, and we depend on them so much more than they depend on us.
00:08:03.720 It's just a reality.
00:08:04.680 I take no pleasure in saying this.
00:08:06.960 This is just an objective reality.
00:08:08.880 Numbers do not care about our feelings, and I live in reality.
00:08:13.540 The United States is the largest economy in the world.
00:08:16.140 Heck, even China has to eventually surrender and come to terms with whatever the demands of the United States are.
00:08:23.260 And China is the second largest economy in the world.
00:08:26.060 It's just completely unrealistic what Canada has been doing.
00:08:29.140 But, hey, elbows up.
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00:08:47.220 See you on the next one.
00:08:48.680 Peace.
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