PJ The Belt - June 25, 2026


Trump TERMINATES Deal with Canada over this..


Episode Stats


Length

7 minutes

Words per minute

175.68

Word count

1,391

Sentence count

46

Harmful content

Hate speech

3

sentences flagged


Summary

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

The President of the United States and the Prime Minister of Canada had been on the brink of a deal on a new North American Free Trade Agreement (NAFTA) and then it was all of a sudden gone.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 We started off with, we're not at a point where we believe that we're close to even
00:00:05.560 announcing a framework or an interim agreement. I think they really believe leaving on October
00:00:10.580 7th, we've got a framework for an agreement here. We just need our teams to go back and
00:00:14.960 fill it out a little bit. And that was the perception that we were well on our way to
00:00:21.320 making that happen. I think the prime minister has even said that it was very, very close
00:00:25.480 to having an agreement. And then, you know, poof, it's all gone.
00:00:30.000 so i said we're going to stop all negotiations with canada right now until they straighten out
00:00:35.200 their act we need to start hitting back and hitting back hard that's the only thing this
00:00:41.360 this person understands you got politicians talking tough and paying lip service like
00:00:47.840 doc ford while doing very little to actually help the situation and quite the opposite making it
00:00:54.560 worse watch i will do everything uh including cut off their energy with a smile on my face
00:01:01.760 we're gonna make sure that we inflict as much pain as possible to the american people without 0.68
00:01:08.560 inflicting pain on the canadian population sure why not threaten to cut off their electricity 0.98
00:01:15.120 That's a good idea. I'm sure Trump will respond very well to that. 1.00
00:01:19.520 The President of July 6th is coming fast. How confident are you that you'll be able to renew the USNCA and what more do you expect from Canada at this point?
00:01:28.920 Well, I'm not looking to renew it. I don't, you know, I mean, I made the deal.
00:01:33.040 And the primary reason I made the deal is that NAFTA was the worst trade deal I've ever seen.
00:01:37.380 And I made it better, but I had the right to terminate.
00:01:40.200 And, you know, with NAFTA, we didn't have the right to terminate.
00:01:43.080 I had to get these senators to approve that deal.
00:01:45.340 That was a tough thing.
00:01:47.200 Congressman, too.
00:01:49.420 NAFTA had no termination.
00:01:51.700 So, I mean, I've never said this before,
00:01:53.520 but I'll tell you what my thinking was.
00:01:55.840 NAFTA was a disaster for our country.
00:01:58.640 The worst trade deal ever made, by far.
00:02:01.940 You know, they had typos in, okay?
00:02:04.600 And they were supposed to correct them.
00:02:06.720 And they never corrected them when they were signed.
00:02:08.600 They knew there were typos.
00:02:10.860 And there's a process for that.
00:02:13.080 you state your claim and you know you get a change they had typos on percentages
00:02:18.520 or maybe somebody wrote and that was for years they never ran they had horrible all against us
00:02:26.520 so it probably wasn't typos and nafta was the worst trade deal we ever had us mca did one thing
00:02:33.400 that i loved after six years it comes up for renewal i don't know that i'm going to renew it
00:02:41.560 because to be honest with you, the United States does much better. We don't need anything that
00:02:49.000 Canada has. We don't need anything that Mexico has, but they need everything that we have.
00:02:53.240 Meanwhile, Trump's been saying the exact same thing about Canada from the moment he got elected.
00:02:58.520 If your economy is so dependent on the United States for survival,
00:03:02.520 then maybe you should just become part of America. He's been telling Canadian politicians the same
00:03:08.200 message for months if you truly want free trade then open your market the president understands
00:03:16.280 that we need to open the markets canada is not open to us they need to open their market unless
00:03:22.920 they're willing to open their market they're going to pay a tariff let's have real free trade where
00:03:28.120 there's no tariffs on your side or our side but there's an issue canada is very protectionist
00:03:35.640 While the government complains that Trump policies are protectionists, they do the exact same thing
00:03:41.080 here, tariffing American exports into Canada as high as three to four hundred percent,
00:03:47.880 especially when it comes to dairy, all to protect the Quebec dairy cartel.
00:03:52.520 So if seven months ago, the possibility like the 10,000 foot view of what what is possible
00:03:59.480 was possible why is it not possible to arrive at the same at a similar 10 000 foot you know point
00:04:07.720 of view right now on a canadian part i don't think folks recognize the impact of what happened uh in
00:04:17.320 october and november you know the president and the prime minister i think they really believe
00:04:23.640 leaving on october 7th we've got a framework for an agreement here uh we just need our teams to go
00:04:28.600 back and fill it out a little bit uh and that was the perception that we were well on our way
00:04:36.360 to making that happen i think the prime minister has even said that there was very very close to
00:04:40.840 having an agreement and then you know poof it's all gone so if i'm hearing you're saying you're
00:04:45.960 going to run attack ads basically against what he's doing in the states well i wouldn't call
00:04:49.400 them attack ads i'm going to call them information ads okay and they're going to inform uh the great
00:04:54.680 people of the united states you know how it could be and having two great nations and how it might
00:05:02.520 be if these tariffs continue to go through as far as i'm concerned it's it's unacceptable you'll see
00:05:09.000 some of the presidents that were the most successful were believers in tariffs and i even see foreign
00:05:14.920 countries now that we are doing very well with taking ads don't go with tariffs they're taking
00:05:21.080 ads i saw an ad last night from canada if i was canada i'd take that same man also but uh they're
00:05:28.040 actually on television taking ads again to me it seems like these people either don't know what the
00:05:33.720 hell they're doing or their goal is for this trade war to continue indefinitely what kind of
00:05:39.560 negotiating tactic involves buying attack ads against the person you're trying to negotiate with
00:05:46.120 especially if that person you're dealing with is donald trump in what world is that a good idea
00:05:52.040 i'm not a politician and even i know that in reality they've never gotten back on track the
00:05:57.880 same way that we've had progress with the with the mexicans uh on getting to an agreement i guess
00:06:06.440 ambassador what i'm trying to determine is why because and i and i know the reason identified
00:06:09.960 by the president at the time and there's debate about that but was around this ronald reagan ad
00:06:13.720 put forth by the Premier of Ontario. The Prime Minister apologized for that, right? The Prime
00:06:17.960 Minister criticized, in essence, the Premier for doing that. He represents the federal government.
00:06:23.960 Why was that not enough to re-embark, or at least at this point, all these months later,
00:06:29.480 sort of enter into this with the goodwill that existed seven months ago?
00:06:33.400 Yeah, I mean, I don't know what the discussions have been going back and forth. At
00:06:37.800 that every one of the meetings, you know, early on when the president and the prime minister met,
00:06:44.100 right after the prime minister got elected, I think it was within two weeks he was at the White House,
00:06:49.600 they met again at Kenanaskis, and then we met on October 7.
00:06:54.540 I don't know the detailed discussions, but in every one of those meetings,
00:06:59.600 as the meeting came to a close, the president would say, make us an offer.
00:07:04.240 Make us an offer.
00:07:06.060 Obviously, at the third meeting there, you made an offer.
00:07:10.680 The prime minister came in prepared, and we basically accepted that offer and said, yeah, let's move forward.
00:07:18.480 My gut feel on this is that maybe there was, perhaps there wasn't an offer that was enticing enough to really say,
00:07:25.960 okay, yeah, this is really, really good.
00:07:28.000 Let's go back and let's work these things out.
00:07:30.000 And we're going to ramp up the odds.
00:07:32.100 We spent tens of millions of dollars, but now the odds are going to be a little different.
00:07:37.240 They're going to show, you know, before he was elected and then when these tariffs come
00:07:43.040 and if we don't get a tariff deal, they're going to be assembly line shut down,
00:07:48.480 jobs are going to be lost, unemployment's going up, and inflation's going up.
00:07:53.280 Again, I don't want to do this.