00:00:19.680being described by the president of the United States
00:00:21.800as one of the most difficult countries in the entire world to deal with.
00:00:26.140And it definitely doesn't mean that as a compliment.
00:00:27.920Well, they haven't treated us well. The Canadian officials have treated us very badly. They're nasty people. They charge our farmers 400 percent tariffs. They've been doing it for a long time. And I had them figured out in my first term and I did some pretty strong things and had it getting pretty good. And then the election was rigged and now I'm coming back and doing it the way and finishing the job. But they treat us very badly.
00:00:53.120canada treats us very badly i would say that of all countries as you know we have president
00:00:57.440chi coming in a couple of weeks uh we have a lot of we deal with a lot of people people
00:01:02.240oftentimes they'll ask me who's the worst to deal with on trade and i said that's easy canada
00:01:09.680they are the worst and they they feel entitled and just we can't have that think about how insane
00:01:14.960that situation is because the economic reality for canada is that it needs the american market
00:01:20.640far more than america needs the canadian market yet according to trump canadian politicians walk
00:01:26.560into the negotiating room acting like washington owes them something now in canada they rely on
00:01:32.480this country the united states your country for revenue for military protection for oil refineries
00:01:39.680for technology medical pharmaceutical advancements uh and how are we repaid for our friendship and
00:01:46.800for our kindness now for years before donald trump uh you know was president the only things
00:01:53.420we ever got were massive tariffs uh and now we're getting hit with a lot of threats and a lot of
00:01:59.460anger and a lot of disdain any moment president trump he attempts to negotiate a free fair
00:02:05.980reciprocal trade deal well this is what happened take a look doug ford also told the associated
00:02:12.400press that if this fight gets worse, the way he put it is everything is on the table, including
00:02:18.380cutting off electricity from Ontario going into the United States. Do you support that move?
00:02:27.300Well, whatever it takes, whatever it takes. This is why I think people are missing the bigger
00:02:32.800picture here. This isn't just another round of tariffs. The Americans are sounding like they're
00:02:37.200getting tired of the entire relationship altogether. In the case of Canada, I have
00:02:42.620spoken with Secretary Besant, with our great trade rep, Jameson Greer. The deal was basically done,
00:02:50.220except that then Prime Minister Carney started to realize this was bad politics for him. He has
00:02:57.340run on being the tough guy against Trump. Elements of the deal, which was a fair deal on all sides,
00:03:05.500started to leak out and suddenly he sends in some of his political team on top of the negotiating
00:03:14.760team and pulls out and starts spinning. One of the pieces of the spin, to your point on China,
00:03:21.220was that we were demanding that Canada not enter into other types of trade agreements. That's
00:03:27.260absolutely not true. What we said, what the team said was, look, if we're going to give you very
00:03:33.160favorable tariff status we're going to give you the best deal of any other country that we trade0.99
00:03:38.180with in the world you can't then let china take advantage what they call transshipment and start0.86
00:03:44.160dumping their goods into canada just to dump their goods in the united states and we're right back
00:03:48.960where we've been for many many administration so you've got to raise you candidate your tariffs
00:03:54.520on china like importantly like mexico has done and i have to tell you what in contrast to prime
00:04:01.400minister uh carney shine bomb down in mexico has worked well with us has established a good
00:04:07.520relationship with the president is working with us not just on cartels uh and national security
00:04:13.160but also on these trade issues at the end of the day president trump's going to put the american
00:04:17.340worker first but here's where this story gets really interesting howard ludnick just gave his
00:04:21.580version of what actually happened behind closed doors and if this account is accurate this wasn't
00:04:26.940simply two countries that couldn't agree on the numbers.
00:04:30.320Ludnick is saying that Canada had been offered an extraordinarily good deal.
00:04:34.680He says that the two sides had actually agreed to the terms previously, and then suddenly
00:04:39.660the whole thing started falling apart.
00:04:41.600All right, I met with their trade minister LeBlanc at least 10 times in the last month.
00:04:49.740I spoke, I spoke to Mark Carney twice in the 24 hours before this ended, twice.
00:04:58.740I have texts back and forth with Mark Carney.
00:05:01.240I have a longstanding relationship with him from when he worked at Goldman Sachs way back when,
00:05:05.460let alone when he was at the Bank of England.