PJ The Belt - August 14, 2026


U.S. Officials Just Gave Carney a FINAL WARNING as CUSMA Termination Approaches


Episode Stats


Length

8 minutes

Words per minute

173.94

Word count

1,416

Sentence count

75


Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 if we didn't get a deal we would have capital flight of unbelievable proportions it would be
00:00:04.720 catastrophic it would drive down the canadian dollar carney understands this the premiers are
00:00:09.960 realizing hey we are getting down to the very short strokes we must have a deal so i've got
00:00:16.100 two countries in the world that have retaliated against the united states for trade measures
00:00:20.080 the people's republic of china and canada that's not the kind of company you really want to be
00:00:24.920 running in. Tariffs that were imposed on all countries all over the world, by the way, and yet
00:00:31.920 only Canada and China decided to escalate. No other country, not Japan, not Australia, not the
00:00:38.520 entire European Union, no other country except Canada and China. President Trump's trade agenda
00:00:44.780 is exactly what we've been discussing. We want to protect American industry. We want to reshore
00:00:49.100 manufacturing. And so the president has used a mix of tariffs, a mix of deals to try to
00:00:54.700 to protect American industry.
00:00:57.240 Where does Canada come in on all this?
00:00:59.340 America has its trade policy.
00:01:00.880 It's going to pursue its trade policy.
00:01:02.840 We've been working with our Canadian colleagues.
00:01:05.340 Obviously, they have ideas.
00:01:06.580 There are elements of U.S. trade policy that they don't like.
00:01:10.140 Part of that is because they've had completely free access to the U.S. market for many decades.
00:01:15.220 The United States at this point, we're trying to control our borders,
00:01:18.100 whether it's for immigration, for imported goods and services, whatever it is.
00:01:21.900 We're trying to get a handle on that.
00:01:23.140 For decades, we have had major trade issues with Canada.
00:01:25.940 So when you say one or two issues, that would be nice if it were one or two issues.
00:01:29.460 There are a lot of issues, and we're speaking about all of them.
00:01:33.600 So I won't give any more detail than that, other than all these things that we have been concerned with for decades on the U.S. side.
00:01:42.200 We have been raising them. We continue to raise them.
00:01:44.840 And so we have three issues where Canadians have banned the sale of American wine and spirits in Canada.
00:01:51.500 You know, for everything that we've done in the Trump Trade Administration of essentially assessing a fee on foreign goods made by foreign workers, we're not in the business of banning these things from Canada.
00:02:03.040 So that's interesting. So that has to be resolved.
00:02:05.120 Provinces, except for Alberta and Saskatchewan, banning American alcohol, even though Canadian liquor is still selling in the U.S. without an issue.
00:02:14.400 Politicians talking about replacing the U.S. market with China, the Middle East and who knows what else.
00:02:20.520 i'm sorry but that's not a plan that's an economic fantasy you don't just wake up one morning and
00:02:26.840 replace the united states of america your neighbor the largest economy in the world the country that
00:02:33.100 has kept entire industries in canada alive for decades the white house has repeatedly cited
00:02:38.680 grievances with canada's dairy sector talked about supply management the alcohol bans have also
00:02:43.240 clearly hit a nerve now interior premier doug ford has pushed back against returning u.s alcohol to
00:02:48.520 the shelves. Yesterday, he showed some flexibility, too. We heard the clip, too, with Teddy a little
00:02:52.840 bit earlier in news. And we're seeing these signs, it feels like, Ian, that this time feels just a
00:02:57.900 little bit different, where it feels like there's a little bit more compromise on both sides. Do
00:03:03.060 you get that sense as well? I do. I do. I think we've been on our side because Canadians are so
00:03:10.880 angry at Donald Trump. Fully understand. 63% don't want any compromises whatsoever. They want
00:03:17.080 retaliatory tariffs. However, I think that the government of Canada and the premiers realize
00:03:22.040 how unbelievably important it is that we maintain access to the largest economy on planet Earth,
00:03:30.100 U.S.'s 32 trillion GDP. China is a distant number two at 20 trillion, and it's 10,000 kilometers
00:03:39.260 away. And they speak completely foreign language, and they're completely to protect their economy
00:03:44.900 uh in terms of manufacturing so this is essential and if we don't get a deal the kpmg study shows
00:03:51.060 that 40 of our manufacturers are looking at exiting the country to the united states that
00:03:57.940 would cause if we didn't get a deal we would have capital flight of unbelievable proportions it
00:04:03.060 would be catastrophic it would drive down the canadian dollar carney understands this the
00:04:07.980 premiers are realizing hey we are getting down to the very short strokes we must have a deal and yet
00:04:14.660 this government acts like they can just swap out America for China through some secret backroom
00:04:20.500 conversation that nobody's even allowed to know about. Does the visit of China's foreign minister
00:04:26.140 Wang Yi later this week pave the way for a visit by President Xi Jinping? And you've said previously
00:04:32.520 that there are guardrails in place in Canada against foreign interference, yet your government
00:04:38.520 has not released publicly the RCMP MOU signed with Chinese police.
00:04:43.920 Why is that?
00:04:45.140 Well, we don't make a habit.
00:04:46.820 I'll answer the second part of the question first.
00:04:49.260 We don't make a habit of releasing security documents with other governments
00:04:54.500 for reasons of operational security.
00:04:56.580 That is standard practice for this government, previous governments as well.
00:04:59.900 So I don't see a reason to change that in this circumstance.
00:05:04.100 So thank you for that question.
00:05:05.120 but that's that's our policy and that's what we that's what we stay to uh i look forward to uh
00:05:10.720 the visit of uh china's foreign minister tomorrow um i will have a chance to to meet with him uh
00:05:17.920 it'll be a valuable exchange of views and uh i i appreciate his arrival thank you they put china
00:05:24.080 first they put illegal aliens first and everybody else first but you but we put you first by a lot
00:05:31.840 but at long last you finally have a president who is putting workers first putting pennsylvania
00:05:37.680 first and putting america first we're doing that and we're doing it like nobody's ever seen before
00:05:44.400 here's the part that makes this even worse while mark carney is down there pretending like he
00:05:49.840 suddenly wants a closer relationship with the americans the us is looking at canada like yeah
00:05:55.520 we don't trust these people anymore. And from Washington's perspective, why would they? Because
00:06:01.440 while Canada was publicly attacking Trump, there were reports surfacing about agreements tied to
00:06:06.800 Chinese security cooperation behind the scenes. Think about how crazy that looks to the Americans.
00:06:12.660 You've got Canadian politicians talking about a new world order, talking about pivoting away from
00:06:18.300 the United States, getting closer with China. That's exactly why American officials keep warning
00:06:24.160 that canada has become one of the least reliable u.s allies because from their perspective canada
00:06:29.600 spent months becoming hostile towards america more hostile than most countries around the world
00:06:34.760 and now suddenly carney wants a reset because the canadian economy is in big trouble and kuzma
00:06:41.180 nafta 2.0 may be canceled go figure but what i do know as the trade guy is that canada retaliated
00:06:49.000 the only other country in the world who retaliated on tariffs was the chinese
00:06:52.960 And so if the president's going to take an action and the Canadians retaliate, the United States needs to maintain the integrity of our action, the effectiveness that we have to go up to.
00:07:02.200 You're talking about the things that the former prime minister, Trudeau, put in place, not the current prime minister.
00:07:06.640 And are still in place.
00:07:07.780 So here's the real story.
00:07:09.420 The Trump administration isn't trying to go after Canadians individually.
00:07:14.180 They're going after a globalist, China-aligned, liberal machine that is running Canada into the ground.
00:07:20.540 The problem is, when Washington swings at Mark Carney, regular Canadians are going to get hit too, unfortunately. Workers, farmers, energy industry, manufacturing, everybody's getting hit because Mark Carney wants to play globalist leader on the world stage while Canada's economy gets dragged into the middle of a fight we never had to be in and can't possibly win.
00:07:45.760 and now the united states is basically telling canada this is your last warning
00:07:49.940 pick a side because you can't keep backstabbing america while expecting to still have a strong
00:07:55.660 relationship with it guys we're very close to 80 000 subscribers help me get there hit the like
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00:08:07.040 see you in the next one peace