00:00:00.000Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.
00:00:06.200So it turns out, Prime Minister Mark Carney has no clue how to negotiate a trade deal.
00:00:12.760He effectively got elected in 2025 under the sole promise that he was going to go super elbows up
00:00:19.520and 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.
00:00:26.600And then he proceeded to blow past two deadlines to get the trade deal signed to resolve the tariff issue.
00:00:33.080And then he kicked the can down the road and said, well, we're just going to include it with the Kuzma renegotiation talks.
00:00:39.440And 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.
00:00:47.820And 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.
00:03:52.360Okay, he's already an absolute shotgun of ums and oz.
00:03:55.740But what that reporter was effectively asking about was this hot mic moment where around the G7 table,
00:04:04.240there's all the G7 leaders sitting around the table and Carney got up and went to go talk to Trump.
00:04:08.680But 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.
00:04:31.220But that was kind of a bad look for Carney because he knows that he needs to calm the
00:04:56.260But we I just answered I spoke to him about a range of things.
00:05:00.700He 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.
00:05:28.440You said you spoke about a range of things, but did you speak specifically about Kuzma renewal?
00:05:33.140We had the discussions with our trade people.
00:05:36.260We had lots of other issues to discuss.
00:05:38.980I have a hard time believing that Kuzma never got brought up.
00:05:42.900I think it's more so that Carney just likes to pretend he doesn't know anything about uncomfortable topics for him.
00:05:51.160Really, 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.
00:05:58.440Really? That feels a little hard to believe for me. But what do I know? But again, his whole thing
00:06:04.220with the China EVs is not he's not going to solve the problem by talking to Trump one time. He's
00:06:09.300even just admitted Trump probably doesn't know all the details. And you simply coming up to him
00:06:13.220and saying, well, it's only it's only it's only 49,000 cars a year. Well, Trump doesn't know that
00:06:18.680it's then going to go to like 52,000 and 55,000. Then at some point, the cap breaks and they can
00:06:24.020just import anything into Canada, which means in theory, it could then just be transported down to
00:06:28.640the US to get around American tariffs in some way, because now Canadian car to then flood the
00:06:34.280American market. And by the way, I'm a big free market guy. I don't like trading with China very
00:06:39.480much, though, because they're not operating in a free market. They deal in corporate espionage,
00:06:45.380they steal patents from other people, they just basically violate copyright and patent law all
00:06:51.540the time. And of course, they're able to manufacture cheaper products than other
00:06:56.000countries. They even manufacture cheaper products than countries in Asia with cheaper labor simply
00:07:01.440because, again, they don't follow rules. They are a hostile force on the planet. And so I don't1.00
00:07:06.920think that we should be trading with them much. But Carney is more beholden to the Chinese right1.00
00:07:11.480now than he is to trying to repair the relationship with the Americans, which is not him and the
00:07:17.980liberals fault entirely. Yes, it's a little bit of a it takes two situation. Liberals are at fault.
00:07:23.840Trump is at fault. Basically, it's a mess. It's a problem. And if Carney was actually focused
00:07:31.560on solving that issue, he might be able to do it. But he's more focused on diversifying trade
00:07:36.460and growing closer to China than actually dealing with the American issue, which is far better for
00:07:41.700Canada if we solved that, than all this dumb trade diversification where we're going to send
00:07:46.560maybe a billion more exports to countries in Asia, which is barely going to have any benefit
00:07:51.820for the average person. But anyways, now we need to get into this other press conference that
00:07:57.620happened just a little bit ago in Vancouver before Carney went to go watch the soccer game with
00:08:04.960Qatar at the stadium in Vancouver. I don't know what it's called. Doesn't matter. But here's him
00:08:09.640answering a question about Kuzma from a reporter. And he basically just punts and says, well, it's
00:08:14.140up to trump whether or not kuzma is just going to get scrapped i can't remember what the first
00:08:18.100part of your question does trump want to get rid of it right now i know uh no look i think uh look
00:08:25.440as you say i had a number of conversations with the president in parallel in the last few days
00:08:29.700of the g7 on a range of issues including uh some of the commercial aspects uh the uh i thought he
00:08:35.720just said at the g7 that he didn't talk about it that g7 interview that little press your presser
00:08:41.800he did that we just watched was like the previous day and now he's saying well of course we did talk
00:08:47.340about some commercial aspects so do you talk about kuzma or not or did you just not figure out what
00:08:51.760your talking point was going to be previously and now you have one to the g7 on a range of issues
00:08:56.680including uh some of the commercial aspects uh the uh but you know there were very detailed uh
00:09:02.640a series of technical conversations that slightly diminishes them i just call it that way but
00:09:08.920Minister LeBlanc, who's responsible for this, our chief negotiator, Ambassador Greer, who is the U.S. trade representative.
00:09:16.160We continue to work through a number of issues which are all related and all related.
00:09:21.480And what I'll refer to is, let me take Ambassador Greer's testimony to Congress on a variety of occasions.
00:09:28.240In effect, the underlying structure of KUSMA has been preserved.
00:09:36.940It continues to operate for 85% of our exports.
00:09:42.900Without any action, it will remain in place for the next decade.
00:09:57.640The president in recent years has not been the biggest fan of Kuzma or other trade deals.
00:10:04.020But 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.
00:10:18.220And next, my follow-ups for, I don't really, it's just a non-question, really, or non-answer that he's giving there.
00:10:25.760He'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.
00:10:40.880And 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.
00:10:58.920If 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.
00:11:15.660I thought we elected you because you were going to get something done, not just hope something good was going to happen.
00:11:22.820We could have elected literally anyone to do that.
00:11:25.700But actually, frankly, the average person probably would have signed a trade deal at this point.
00:11:30.240And I want to bring up just a policy issue right here that could easily help get the trade dispute resolved in like an afternoon.
00:11:41.760We could very easily just get rid of supply management in Canada.
00:11:47.780Not only would it make it so much easier to get back to a zero tariff situation.
00:11:51.960In 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.
00:12:03.360I found this very interesting today. Vincent Galesso posted this that said,
00:12:11.520Supply management in Canada costs 1.25% of the income of the poorest quintile of households.
00:12:19.500One single policy affects byproducts, milk, butter, chicken, eggs, and cheese,
00:12:25.000raises prices by reducing supply enough to represent 1.25% of the income of the poor.
00:12:31.280If 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?
00:12:48.360Trump gets to feel like he won something because you got rid of supply management for him.
00:12:52.520At the same time, it wasn't even good for Canada anyway, so it's not like you're really giving up
00:12:56.680anything. If you're liberals, I guess certain farmers will be mad at you. Who cares? There's
00:13:02.240other farmers who get cut out of the supply management system. That's why it's so stupid.1.00
00:13:06.080It's all for the farmers, but there's a lot of farmers who this does not actually benefit in1.00
00:13:10.720any way. So look down here. This is the percentage of your household income that is eaten up by the
00:13:20.600supply management regulations, basically. The increase in cost that this puts on all five of
00:13:30.040those products, the milk, cheese, eggs, chicken, and was there something else I'm missing?
00:13:36.180butter, chicken, eggs, and cheese there, milk, butter, chicken, eggs, and cheese.
00:13:42.4401.25% is being spent by the poorest 20% of Canadians on just the supply management