The National Telegraph - Wyatt Claypool - June 18, 2026


Carney Admits He's FAILED At Negotiating with Trump - CUSMA is DONE!

＂Disgraceful＂ Premier Smith SLAMS Chiefs demanding ＂Treason＂ Investigation over Alberta Refendum! Carney is FLOPPING - Media thinks Liberals Trump Trade Strategy Is A FAIL!

Episode Stats


Length

17 minutes

Words per minute

180.57

Word count

3,167

Sentence count

173

People

Also mentioned:
Donald Trump Mark Carney Greer Vincent Geloso Kamala Harris David Eby LeBlanc Biden

Harmful content

Toxicity

11

sentences flagged

Hate speech

4

sentences flagged


Summary

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

It turns out, Prime Minister Mark Carney has no clue how to negotiate a trade deal. He got elected in 2025 with the sole promise that he was going to go super elbows up and get a deal signed with President Donald Trump. And then he proceeded to blow past two deadlines to get the trade deal signed, to resolve the tariff issue, and then he kicked the can down the road and said, well, we're just going to include it with the Kuzma renegotiation talks. And now, it doesn't even look like the deal is going to happen because President Trump doesn't want to actually renew the deal.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.
00:00:06.200 So it turns out, Prime Minister Mark Carney has no clue how to negotiate a trade deal.
00:00:12.760 He effectively got elected in 2025 under the sole promise that he was going to go super elbows up
00:00:19.520 and get a trade deal signed with President Donald Trump, and you knew he'd do it because he said he's dealt with Donald Trump before.
00:00:26.600 And then he proceeded to blow past two deadlines to get the trade deal signed to resolve the tariff issue.
00:00:33.080 And then he kicked the can down the road and said, well, we're just going to include it with the Kuzma renegotiation talks.
00:00:39.440 And now it doesn't even look like the Kuzma renegotiation talks are going to happen because President Donald Trump doesn't want to actually renew Kuzma.
00:00:47.820 And I know there are going to be liberals out there saying, well, see, it just proves our point that you can't reason with Donald Trump.
00:00:53.660 OK, maybe, maybe that's true.
00:00:56.600 At the same time, Carney promised that he could get a trade deal signed.
00:01:01.020 He's dealt with him before.
00:01:02.380 He's the Trump whisperer.
00:01:03.640 He's going to go into the Oval Office and slap his hand on Trump's desk and say, hey, how about we have ourselves a trade deal?
00:01:09.960 And then it was going to happen. 0.98
00:01:11.400 It's almost like that you were dumb to ever believe that in the first place. 0.91
00:01:14.900 But to be a liberal is to believe two contradictory things at the same time. 0.82
00:01:19.580 Carney is an economic genius and he's going to get a trade deal signed with Trump. 0.88
00:01:23.400 And also Trump's crazy and he can't get a trade deal signed with him.
00:01:26.600 And by the way, I don't believe either of these things. 0.95
00:01:29.860 Do I think Trump is unreasonable in certain ways?
00:01:32.300 Sure, kind of part of his personality.
00:01:34.220 He's a stubborn guy. 0.99
00:01:35.680 Carney has also been making every stupid move he can throughout the negotiating process. 0.99
00:01:40.880 He has been constantly basically kicking the Americans, going and making trade deals with China, 0.99
00:01:47.220 who he said was our biggest national security threat, causing an issue with the United States,
00:01:52.080 who is trying to move away from China right now and doesn't want Canada integrating more with
00:01:56.980 China. We have been trying to implement taxes that have been taking off the Americans,
00:02:01.400 not just Trump. The digital services tax and the streaming tax were also very offensive to the
00:02:06.440 Biden and Kamala Harris administration. And yet we thought it was going to somehow just
00:02:11.020 fly under the radar if in the middle of a negotiation, we effectively put in place a tax
00:02:16.460 that only affects effectively 90% American companies, maybe 10% companies from Canada
00:02:22.800 and elsewhere. But the DST and streaming tax that we then had to roll back were effectively just
00:02:28.780 a tax on the Americans. At the same time, you're trying to basically build a relationship.
00:02:34.120 But now it looks like Mark Carney has finally admitted that he doesn't know what he's doing,
00:02:38.740 because when asked about the current trade situation by reporters, he's either fumbling
00:02:43.600 all over the place or just saying, well, Trump can do what he wants. Trump's going to do what
00:02:47.840 he wants. I thought you were supposed to be the guy who was going to convince him to not just do
00:02:52.580 whatever he wants and do something that would be in the interests of Canada. But anyways, in just
00:02:57.340 a second here, I want to get this G7 clip and then I want to get to another clip from a press
00:03:01.760 conference that was just held in Vancouver alongside BC Premier David Eby. But before we
00:03:07.320 get into that, just a quick plug. I just want to make sure if you like the channel that you
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00:03:26.400 And of course, also consider hitting the join button and becoming a monthly contributing
00:03:30.420 member of the channel. Anyways, let's get into this first clip of Mark Carney at the G7,
00:03:36.200 fumbling all over himself when asked about trade with the US.
00:03:39.220 Why did you feel the need to bring up Canada's Chinese electric vehicle camp with the U.S. president?
00:03:44.880 And did you speak directly with him at the summit about the renewal of Kuzma?
00:03:49.400 I spoke, I just answered.
00:03:52.360 Okay, he's already an absolute shotgun of ums and oz.
00:03:55.740 But what that reporter was effectively asking about was this hot mic moment where around the G7 table,
00:04:04.240 there's all the G7 leaders sitting around the table and Carney got up and went to go talk to Trump.
00:04:08.680 But there was a microphone kind of semi close to them. So people was picked up that he was telling Trump about the EVs that are coming in from China to Canada. And it's only 49,000 vehicles. That's a hard cap. It's only going to be 49,000. And Trump's like, OK, well, you know, fair enough. It's not even quite true. It's only 49,000 for this year. It's going to go up in the next years.
00:04:31.220 But that was kind of a bad look for Carney because he knows that he needs to calm the
00:04:37.160 waters on this EV issue.
00:04:39.920 But at the same time, the way that he was basically positioning himself made it seem
00:04:44.320 like he's going to be completely unwilling to roll back that EV deal with China in order
00:04:49.540 to get a U.S. trade deal because he was like vociferously defending that element of his
00:04:54.360 new trade agreement with China.
00:04:56.260 But we I just answered I spoke to him about a range of things.
00:05:00.700 He had asked, I can't remember, he had asked me about it on China, and I explained to him what the deal, I mean, it was one of many interactions with him, and I was explaining the actual structure of the deal. You're familiar with it. I'm not surprised that the President of the United States doesn't follow every detail of every agreement that Canada has, and he likes the structure, actually. We had a follow-up conversation about it as well.
00:05:28.440 You said you spoke about a range of things, but did you speak specifically about Kuzma renewal?
00:05:33.140 We had the discussions with our trade people.
00:05:36.260 We had lots of other issues to discuss.
00:05:38.980 I have a hard time believing that Kuzma never got brought up.
00:05:42.900 I think it's more so that Carney just likes to pretend he doesn't know anything about uncomfortable topics for him.
00:05:48.880 And so we didn't talk about Kuzma.
00:05:51.160 Really, you didn't talk about like the main thing that you're going to be having to talk to him about over the next month didn't even come up.
00:05:58.440 Really? That feels a little hard to believe for me. But what do I know? But again, his whole thing
00:06:04.220 with the China EVs is not he's not going to solve the problem by talking to Trump one time. He's
00:06:09.300 even just admitted Trump probably doesn't know all the details. And you simply coming up to him
00:06:13.220 and saying, well, it's only it's only it's only 49,000 cars a year. Well, Trump doesn't know that
00:06:18.680 it's then going to go to like 52,000 and 55,000. Then at some point, the cap breaks and they can
00:06:24.020 just import anything into Canada, which means in theory, it could then just be transported down to
00:06:28.640 the US to get around American tariffs in some way, because now Canadian car to then flood the
00:06:34.280 American market. And by the way, I'm a big free market guy. I don't like trading with China very
00:06:39.480 much, though, because they're not operating in a free market. They deal in corporate espionage,
00:06:45.380 they steal patents from other people, they just basically violate copyright and patent law all
00:06:51.540 the time. And of course, they're able to manufacture cheaper products than other
00:06:56.000 countries. They even manufacture cheaper products than countries in Asia with cheaper labor simply
00:07:01.440 because, again, they don't follow rules. They are a hostile force on the planet. And so I don't 1.00
00:07:06.920 think that we should be trading with them much. But Carney is more beholden to the Chinese right 1.00
00:07:11.480 now than he is to trying to repair the relationship with the Americans, which is not him and the
00:07:17.980 liberals fault entirely. Yes, it's a little bit of a it takes two situation. Liberals are at fault.
00:07:23.840 Trump is at fault. Basically, it's a mess. It's a problem. And if Carney was actually focused
00:07:31.560 on solving that issue, he might be able to do it. But he's more focused on diversifying trade
00:07:36.460 and growing closer to China than actually dealing with the American issue, which is far better for
00:07:41.700 Canada if we solved that, than all this dumb trade diversification where we're going to send
00:07:46.560 maybe a billion more exports to countries in Asia, which is barely going to have any benefit
00:07:51.820 for the average person. But anyways, now we need to get into this other press conference that
00:07:57.620 happened just a little bit ago in Vancouver before Carney went to go watch the soccer game with
00:08:04.960 Qatar at the stadium in Vancouver. I don't know what it's called. Doesn't matter. But here's him
00:08:09.640 answering a question about Kuzma from a reporter. And he basically just punts and says, well, it's
00:08:14.140 up to trump whether or not kuzma is just going to get scrapped i can't remember what the first
00:08:18.100 part of your question does trump want to get rid of it right now i know uh no look i think uh look
00:08:25.440 as you say i had a number of conversations with the president in parallel in the last few days
00:08:29.700 of the g7 on a range of issues including uh some of the commercial aspects uh the uh i thought he
00:08:35.720 just said at the g7 that he didn't talk about it that g7 interview that little press your presser
00:08:41.800 he did that we just watched was like the previous day and now he's saying well of course we did talk
00:08:47.340 about some commercial aspects so do you talk about kuzma or not or did you just not figure out what
00:08:51.760 your talking point was going to be previously and now you have one to the g7 on a range of issues
00:08:56.680 including uh some of the commercial aspects uh the uh but you know there were very detailed uh
00:09:02.640 a series of technical conversations that slightly diminishes them i just call it that way but
00:09:08.920 Minister LeBlanc, who's responsible for this, our chief negotiator, Ambassador Greer, who is the U.S. trade representative.
00:09:16.160 We continue to work through a number of issues which are all related and all related.
00:09:21.480 And what I'll refer to is, let me take Ambassador Greer's testimony to Congress on a variety of occasions.
00:09:28.240 In effect, the underlying structure of KUSMA has been preserved.
00:09:36.940 It continues to operate for 85% of our exports.
00:09:42.900 Without any action, it will remain in place for the next decade.
00:09:48.860 There's an opportunity to extend it.
00:09:50.920 There's always been the opportunity for any of the parties to cancel it with six months notice.
00:09:56.420 It's no secret.
00:09:57.640 The president in recent years has not been the biggest fan of Kuzma or other trade deals.
00:10:04.020 But there are specific things that we can work together on, and including, I'll just put on the table, since we're in British Columbia and we're talking housing, on forest products, which we continue to press with the Americans.
00:10:17.280 Thank you.
00:10:18.220 And next, my follow-ups for, I don't really, it's just a non-question, really, or non-answer that he's giving there.
00:10:25.760 He's not an actor in his own mind at this point, in the sense that the way that Carney is describing the negotiations with the United States is that, well, we have Dominic LeBlanc speaking with Greer in the United States.
00:10:40.880 And well, you know, if a party decides that they want out of Kuzma or the USMCA, well, then they can do it. And like, but where's where's the energy? Where's the where's the actual will to make this thing work? The problem is Carney has no sway.
00:10:58.920 If anything, he has become a toxic actor in the United States when it comes to trying to negotiate on trade because of how many times he's randomly punched them.
00:11:09.380 He doesn't know how to negotiate.
00:11:10.860 He is sitting there just seeing what Trump does.
00:11:14.540 Like, what?
00:11:15.660 I thought we elected you because you were going to get something done, not just hope something good was going to happen.
00:11:22.820 We could have elected literally anyone to do that.
00:11:25.700 But actually, frankly, the average person probably would have signed a trade deal at this point.
00:11:30.240 And I want to bring up just a policy issue right here that could easily help get the trade dispute resolved in like an afternoon.
00:11:41.760 We could very easily just get rid of supply management in Canada.
00:11:47.780 Not only would it make it so much easier to get back to a zero tariff situation.
00:11:51.960 In fact, really, our supply management system in Canada is a tariff on U.S. goods, on their dairy and poultry products, and it is, in fact, also hurting Canadians.
00:12:03.360 I found this very interesting today. Vincent Galesso posted this that said,
00:12:11.520 Supply management in Canada costs 1.25% of the income of the poorest quintile of households.
00:12:19.500 One single policy affects byproducts, milk, butter, chicken, eggs, and cheese,
00:12:25.000 raises prices by reducing supply enough to represent 1.25% of the income of the poor.
00:12:31.280 If you're a politician, do not talk to me about poverty alleviation in Canada if you don't want to scrap supply management. And it's not even just don't talk to me about poverty alleviation. Also, trade negotiations. Why not get rid of this? Why not put this on the table?
00:12:48.360 Trump gets to feel like he won something because you got rid of supply management for him.
00:12:52.520 At the same time, it wasn't even good for Canada anyway, so it's not like you're really giving up
00:12:56.680 anything. If you're liberals, I guess certain farmers will be mad at you. Who cares? There's
00:13:02.240 other farmers who get cut out of the supply management system. That's why it's so stupid. 1.00
00:13:06.080 It's all for the farmers, but there's a lot of farmers who this does not actually benefit in 1.00
00:13:10.720 any way. So look down here. This is the percentage of your household income that is eaten up by the
00:13:20.600 supply management regulations, basically. The increase in cost that this puts on all five of
00:13:30.040 those products, the milk, cheese, eggs, chicken, and was there something else I'm missing?
00:13:36.180 butter, chicken, eggs, and cheese there, milk, butter, chicken, eggs, and cheese.
00:13:42.440 1.25% is being spent by the poorest 20% of Canadians on just the supply management
00:13:50.580 regulations cost. Quintile 2, 0.78. Quintile 3, 0.69. Quintile 4, 0.77. Quintile 5, 0.33.
00:13:59.840 Even at the highest end, 0.33 is still a lot. This isn't saying how much does milk and eggs,
00:14:06.860 cheese, and like chicken cost you every year and butter. If 1.25% was what you paid for those
00:14:15.280 staple products per year out of your household income, not that bad. We're saying that the added
00:14:21.140 cost on top of the base price that those products should be without the regulations, you are paying
00:14:27.400 an extra 1.25%. If you're in the poorest 20%, you're paying an extra 1.25% of your household
00:14:34.920 income just to be able to afford the increase. That is absolutely ridiculous. The Conservative 0.93
00:14:41.420 Party needs to be running against supply management. This is just unethical that we
00:14:47.240 have this going on, especially as it is a major issue when it comes to getting a trade deal with
00:14:53.400 the United States. If you understand Trump, he likes to win. Now, Canadians would already win
00:14:59.800 if we just got rid of supply management without it actually even being a part of a trade negotiation.
00:15:04.820 So this could be a massive win for everybody involved. Trump gets to win because he makes
00:15:11.240 a bunch of swing state farmers feel better that they get to be able to, you know, maybe they can
00:15:15.320 import more of their stuff into Canada. Canadian farmers cut out of the supply management system
00:15:20.300 are going to be happy that they're not being crushed by the ridiculous quota system. Consumers
00:15:24.820 are paying less. And the only people who are going to be complaining are the very small group of
00:15:29.940 people who are part of the supply management elite and are not being crushed by the quota system and
00:15:36.100 are in fact being empowered over top of everybody else, charging consumers and stores more like
00:15:42.080 higher prices for their products, basically just like for only their benefit. This is the definition
00:15:48.680 of a special interest. The general interest in Canada is to have more abundant and cheaper
00:15:55.020 products. The farmer's interest, or actually the general farmer's interest, would be for competition.
00:16:01.680 But if you're a supply management farmer, your special interest is to keep these regulations in
00:16:07.680 place that effectively prevent you from being able to compete with anyone and that you can basically
00:16:13.140 sell your product for a guaranteed price rather than having to compete in the open market where
00:16:18.600 prices may fall or may rise anyways with all that being said thank you guys for watching this video
00:16:26.680 make sure you like share subscribe do all that fantastic stuff hopefully we'll actually get
00:16:31.880 more news on what's really going on behind the scenes when it comes to the trade negotiations
00:16:36.680 as i went over in a video from like four or five days ago the liberals and the doug ford
00:16:41.720 pcs in ontario are starting to do this whole oh we need to build a fortress north america
00:16:46.680 type strategy where they're trying to like please the americans by seeming like they're their
00:16:49.880 friends at the same time they keep talking down the u.s at the at the same time they talk about
00:16:56.520 both sides their mouths in such a way where it's making it very easy for trump to justify to the
00:17:01.480 american public why he hasn't actually moved forward with a trade agreement with canada
00:17:05.720 because he can point to doug ford running anti-trump ads against him at the same time
00:17:09.640 he's talking about fortress north america carney wants to make a middle powers coalition so they
00:17:14.760 they can ignore so we can ignore the united states at the same time we'd love to get a trade deal
00:17:18.840 but also we're busy talking to china instead it's like incompetent absolutely incompetent 0.80
00:17:26.200 but anyways with all that being said thank you guys for watching i'll see you all next time 0.62