PJ The Belt - August 17, 2026


Trump Just EXPOSED Mark Carney..


Episode Stats


Length

7 minutes

Words per minute

175.85

Word count

1,391

Sentence count

81


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 Canada's been very, very tough on us over the years, for many years, and no other president's
00:00:06.440 done anything about it. They need us to survive. Without us, there's no way they can survive.
00:00:12.780 And if we don't get a deal, the KPMG study shows that 40% of our manufacturers
00:00:17.600 are looking at exiting the country to the United States. We must have a deal.
00:00:24.800 Well, folks, this is it. Mark Carney is officially running out of time.
00:00:28.940 President Donald Trump has put August 19th on the calendar,
00:00:32.280 and in less than 72 hours, new 50% tariffs on billions of dollars of Canadian goods are set to kick in.
00:00:39.720 And despite all the meetings, all the press conferences, and all the talk about progress,
00:00:44.780 Canada and the United States are still very far apart when it comes to a deal.
00:00:49.680 Trump has made his position very clear from day one.
00:00:53.300 You want access to the biggest economy on earth?
00:00:55.580 then start treating american businesses fairly and now carney has about three days to decide
00:01:01.680 do you actually want a deal or do you want to continue a fight you can't possibly win
00:01:06.500 mark i i do wonder and jennifer was talking about even kind of the pain point for americans
00:01:11.980 what kind of leverage does dominic leblanc does the prime minister have as we go closer and closer
00:01:20.020 to those 50% tariffs?
00:01:22.680 Well, you know, the way I look at it is,
00:01:24.780 at the end of the day, you only really have leverage
00:01:27.280 if the other side thinks you have leverage.
00:01:29.880 And I know there are a lot of people,
00:01:31.880 including the Prime Minister and the Minister,
00:01:33.480 talking about leverage that Canada has,
00:01:35.200 some of the premiers do.
00:01:36.560 I just don't believe the Americans think Canada has leverage.
00:01:40.040 It's very hard for Canada to pull any of the things
00:01:44.020 that people point to as leverage,
00:01:45.900 whether it's stopping selling potash,
00:01:48.400 Okay, where are we going to sell it to?
00:01:50.880 How are we going to get it to the Vancouver ports?
00:01:53.760 What rails are they going to go on?
00:01:54.960 Because right now, a lot of them get shipped through the U.S.
00:01:58.440 Oh, you want to cut off electricity cells from the Atlantic?
00:02:01.600 How about they close the pipeline that brings oil and gas from the West
00:02:05.260 under the Great Lakes into Ontario?
00:02:07.220 But Mark, if I can interrupt for a second,
00:02:09.900 we heard from even farmers in Iowa who are complaining
00:02:13.380 about what these negotiations are doing to their businesses.
00:02:17.060 So there is a ripple effect, even it's hurting Canadians, but certainly those hurts of the cost, the inflation, the rising prices.
00:02:26.580 Americans are feeling that. Can't our negotiators use that in some way?
00:02:32.080 No, no. And I'd say this, you know, the real evidence of that since 1984, we've had our producers of softwood lumber have faced tariffs from the United States,
00:02:41.700 countervailing duties and anti-dumping duties.
00:02:44.740 And Canadians go down there all the time and they say,
00:02:47.260 it's increasing the cost of your housing.
00:02:49.760 Guess what? The tariffs are still in place.
00:02:52.640 We don't listen to American politicians when they tell us
00:02:55.700 that dairy supply management increased costs to Canadians.
00:02:59.400 We don't listen to Americans when they tell us
00:03:02.340 that our digital trade policy basically reduces the choices to consumers.
00:03:08.240 The strangest part about the way we are negotiating trade agreements
00:03:11.640 since the last great one at the end of the 1980s is our negotiators enter into trade negotiations
00:03:17.180 with one hand tied behind their back. They only define a Canadian win as a producer interest.
00:03:24.000 They completely forget about consumers. On the other hand, as you just said,
00:03:28.020 when they look across the border, they make alliances with American consumers.
00:03:32.020 We don't listen to people who lecture us about what's in our consumer interest,
00:03:36.360 and they don't listen to us.
00:03:37.640 But what if Mark Carney doesn't really want a deal? Because here's the question nobody in Ottawa wants to ask, especially not the government paid media. What if this trade war is politically more valuable to Mark Carney than a deal with the United States? I mean, think about it for a second.
00:03:55.680 Carney built his entire political brand around standing up to Trump.
00:04:01.540 The liberals benefited from that fear and anger.
00:04:04.640 And every new fight with Washington gives them the same enemy to point at.
00:04:09.100 So watch what happens.
00:04:10.320 You know, Carney says he wants a deal.
00:04:12.620 But Canada keeps threatening retaliation, keeps rejecting what Washington puts on the table.
00:04:17.420 And the fight keeps going.
00:04:18.640 Maybe that's just his plan.
00:04:20.040 Maybe the fight itself is the whole political strategy.
00:04:22.420 The American president, last point in the year I would say very quickly.
00:04:24.740 what's distinguished Trump in his first six years of his presidency is he's governed by executive
00:04:29.580 authority, much more so than American presidents have. All American presidents getting into their
00:04:35.100 last two years of their administration have governed more by executive authority. This hope
00:04:40.340 that people have about the midterms changing something, are we watching the same guy?
00:04:45.400 Does Donald Trump look like something? And on top of that, last week, Congress just gave him
00:04:51.180 additional unilateral authority to impose tariffs. So if the thesis is correct, that Trump should
00:04:58.720 live in fear of American consumers or American congressional midterms, I got to tell you, I think
00:05:04.600 a little bit of the psychology of Donald Trump, he's looking and saying, what, these people who
00:05:08.240 just gave me more power to do what I'm doing? Well, no thanks. The prime minister is not talking about
00:05:13.620 rupturing the relationship moving forward. He has said that the relationship has been ruptured,
00:05:18.920 which is a very, very different statement. As Americans, we don't believe that the relationship
00:05:24.060 has been ruptured, but if Canada believes that the relationship is ruptured, that's how they'll
00:05:29.820 approach moving forward. We don't. We believe we still have a very strong and viable relationship
00:05:35.180 with Canada, but we recognize we have a partner now that doesn't necessarily see the world the
00:05:40.040 same way that we do. And at the end of the day, Canadians are the ones paying the price.
00:05:43.680 I mean, that would be fine for Carney if it affected him, but if regular Canadians weren't the ones paying the bill, I mean, the trade fight has already disrupted the auto industry, and you have companies like Stellantis now considering selling the entire plant in Brampton, putting the future of 2,200 jobs back in the spotlight, putting it at risk.
00:06:04.740 The Canadian dollar fell right after Trump announced the tariffs, and now another $20 billion in Canadian goods could get slammed on Wednesday.
00:06:13.780 We will lose the automotive manufacturing industry.
00:06:18.240 The president of that industry said only two weeks ago, if we don't have tariff-free access for exports of cars, manufactured cars, we are going to exit the industry like Australia did in 2017.
00:06:29.820 So we must have an agreement with the United States with as few tariffs as possible.
00:06:36.600 The U.S. is over 10 times larger.
00:06:39.440 There are over 32 trillion GDP in U.S. dollars.
00:06:43.100 We're about just over 2 trillion, 2.5 trillion in U.S. dollars.
00:06:46.960 We are much more dependent when you look at the actual percentages of GDP.
00:06:52.180 We are far more dependent on the United States than the United States is on us.
00:06:55.820 That it is absolutely essential for Canada to negotiate a new trade agreement with the United States.
00:07:03.020 It would be, I believe, catastrophic for Canada if we no longer had full tariff-free or mostly tariff-free access to the American market.
00:07:14.680 Trump has put a real deadline on the table.
00:07:18.140 If Carney really wants a deal, now's his chance to prove it.
00:07:22.300 Because Canadians can't afford for their prime minister to need this fight, this trade war, more than they need their jobs.
00:07:30.640 Thank you all so much for watching.
00:07:32.640 I'd also like to take this opportunity to thank each and every one of you who've subscribed.
00:07:37.160 We've reached 80,000 subscribers, which is insane.
00:07:41.540 I never thought we'd get this far.
00:07:43.300 Again, thank you all so much from the bottom of my heart.
00:07:45.640 I appreciate each and every one of you who've subscribed.
00:07:48.100 Let's try to get to 100,000 subscribers before the end of 2026.
00:07:51.440 thank you all so much i'll see you in the next one peace