The National Telegraph - Wyatt Claypool - Carney admits to screwing up negotiating with Trump AGAIN!

00:00:00.000 Hey guys, Wyatt Claypool here.

00:00:02.540 Well, it's another day, another trade screw-up by Prime Minister Mark Carney.

00:00:08.020 Today, in the House of Commons, when questioned by Federal Conservative Party leader Pierre Polyev,

00:00:14.360 Carney had to admit to a poor choice of words when he talked dismissively about not needing to speak to U.S. President Donald Trump.

00:00:23.000 It's so obvious what Carney has to do to get a trade deal, and he refuses to do it.

00:00:28.980 Trump is not that complicated of a man.

00:00:31.820 Carney was also the guy who said, I've negotiated with people like Donald Trump before during the election,

00:00:36.320 and then he has blown past every deadline he has set for himself to try and get a trade deal done

00:00:42.220 because he clearly has never negotiated with someone like Trump before.

00:00:47.040 Running Brookfield Asset Management, being the chair of it, is not nearly as tough of a job as you would think.

00:00:53.320 You know, he's a savvy person, but he doesn't exactly have business savvy the same way Donald Trump does.

00:01:00.080 Brookfield Asset Management mainly makes money on cornering subsidy markets,

00:01:04.840 going into green energy, battery tech, and other areas where the government throws tax breaks, grants,

00:01:11.240 and massive subsidies towards the industry.

00:01:14.140 So when he tries to negotiate with Trump, he doesn't really understand the sort of business acumen and attitude that he has.

00:01:21.840 Because Trump is looking for a win.

00:01:24.380 And Canada can have a win at the same time.

00:01:26.700 You just have to pitch it to Trump as being a Trump win.

00:01:30.320 But Carney goes in there with the attitude of, well, I'm just negotiating for a win as Canada,

00:01:35.740 and I'm going to beat those Americans. 0.92

00:01:37.880 Well, Trump, who has a bigger country and more political power than you, 0.99

00:01:42.360 is obviously not going to look like a fool by the end of the negotiation. 0.93

00:01:46.240 So every time Carney gets in there and says, I want everything, I'm going to give you nothing,

00:01:51.360 obviously we're going to come to no agreement.

00:01:53.140 We need to have a win-win scenario where we team up with the U.S. against China 0.97

00:01:57.000 and use that as the excuse for why we need no tariffs.

00:02:00.800 But that's enough from me, guys.

00:02:02.840 We need to get to this clip because it is quite great seeing Carney squirm around

00:02:08.160 and have to admit to his own failures here.

00:02:10.800 Before the election, he promised, elbows up.

00:02:17.660 After, it was, who cares?

00:02:21.000 Before the election, he said the tariffs were an existential crisis.

00:02:25.180 Now he says they're not a burning issue.

00:02:28.120 Before the election, he promised to negotiate a win.

00:02:30.860 After, he backed down to American tariffs.

00:02:33.820 And those tariffs have now doubled on Canadian aluminum autos and steel

00:02:37.900 and tripled on Canadian lumber.

00:02:39.320 Before the election, he promised the fastest-growing economy in the G7

00:02:44.900 after he delivered the fastest-shrinking economy.

00:02:48.460 Why is the prime minister before the election so much different than the one after?

00:02:51.680 Yeah.

00:02:52.340 The right-commodel.

00:02:53.580 You could even tell the jeering started when Polioff started going down this line of questioning

00:02:59.160 because this is where Carney is the absolute weakest.

00:03:03.180 That was like his only real promise during the election was getting a trade deal,

00:03:07.100 giving Candace some stability, and we have not gotten it.

00:03:10.620 And people can always say, well, it would have been worse with Polioff. 0.60

00:03:13.260 Well, let Polioff be prime minister and prove it.

00:03:16.000 Because so far, it's only been Carney screwing up.

00:03:18.920 So you can't just say, well, this was inevitable.

00:03:20.880 Oh, well, you can't negotiate with Trump.

00:03:22.140 Well, then don't promise you can.

00:03:23.900 And I guarantee you, you actually can negotiate with Trump.

00:03:26.620 You just have to understand the man properly.

00:03:29.700 And Carney's liberal base doesn't want to understand Trump.

00:03:32.680 They want elbows up.

00:03:33.900 They want to thumb their nose. 0.69

00:03:35.060 They want basically this mythical version of Mark Carney to drive down to Washington, D.C. 0.74

00:03:40.300 on the turret of an Abrams tank and slap Trump across the face, you know,

00:03:43.800 and to say, you're going to give me everything I want.

00:03:46.400 And you're going to give me Vermont, too, so we can monopolize the maple syrup market.

00:03:51.580 It's not going to work that way.

00:03:53.160 You're not going to bully Trump into getting what you want.

00:03:55.960 You also don't have to let Trump bully you.

00:03:58.660 You have to act respectfully, but you also have to make sure to satisfy the ego of the

00:04:03.540 American administration to make it feel like they can go back to their voters with a win. 0.92

00:04:07.840 Just as our politicians want to go back to our voters with a win, you have to make it

00:04:12.360 work on both sides.

00:04:13.880 But let's get to Carney's response here.

00:04:19.920 Mr. Speaker, Mr. Speaker, on the night of the election, when I had the great honor for

00:04:25.780 my constituents of being elected as a deputy of this house, unlike some others in the chamber

00:04:31.960 today, I made a promise to Canadians when I make a mistake, I'll admit it.

00:04:39.100 That was a poor choice of words about a serious issue.

00:04:42.980 And the serious issue is what progress are we making structurally best deal in the world,

00:04:48.300 strongest budget in the world, and the most new trade deals.

00:04:52.340 Sorry, the strongest budget in the world.

00:04:56.860 The strongest budget in the world apparently includes $55 billion in debt servicing costs,

00:05:03.420 which is bigger than the health care transfer.

00:05:05.660 It includes $78 billion in a deficit, which they tried to pretend, oh, that's just because

00:05:11.020 we're investing so much in ourselves.

00:05:12.460 And then they got called out by the interim parliamentary budget officer, Jason Jocks,

00:05:17.540 who said, no, a lot of this is actually just operating expenses that have been miscategorized

00:05:21.760 as infrastructure to pretend these are new investments.

00:05:24.380 They're just typical operating expenses, and we would still be in a deficit even if we took

00:05:29.920 away all of the new infrastructure spending.

00:05:33.500 Whoa, we have the strongest budget in the G7.

00:05:36.180 We have the best deal.

00:05:37.500 Of course, we have technically the best trade deal.

00:05:39.760 We are the only country, like we're the biggest country along the border with the United States.

00:05:45.240 Obviously, we're going to have a better deal than Argentina, than France, than UK, than Korea. 0.67

00:05:51.520 Of course, we're going to have a better deal.

00:05:53.580 The point, though, is that our deal still needs to be in proportion to the amount of trade.

00:05:59.760 The thing is, even if we have a lower tariff than somewhere like Japan does or Vietnam does,

00:06:05.720 they don't trade with the United States as much as we do.

00:06:08.280 Those other countries with their biggest trading partners have no tariffs.

00:06:12.460 We want no tariffs with our biggest trading partner.

00:06:15.400 So from that relative perspective, we have a terrible trade deal right now.

00:06:19.600 This is the problem that Carney does not want to actually recognize.

00:06:23.840 And he's acting like, oh, let's go over the accomplishments.

00:06:26.780 Those things he just said were either false, it is not the strongest budget in the G7, oh my goodness, no.

00:06:32.220 And then the other thing is like, oh, it's the strongest budget.

00:06:35.900 Sorry, it's the best trade deal with the United States.

00:06:40.360 Sorry, did he achieve that?

00:06:41.620 That was pre-existing since like the beginning of time.

00:06:44.920 That's existed with the U.S. since like the 80s, that we've had basically the best trade deal anyone has with the United States,

00:06:52.060 which makes sense.

00:06:53.000 We trade with them 80%.

00:06:54.500 So obviously, like the best trade deal previously was Canada. 0.73

00:06:59.240 Relative to other countries' amount of trade with the U.S., our trade deal sucks.

00:07:03.460 Mr. Speaker, the Prime Minister did make a mistake.

00:07:13.280 He's made many mistakes.

00:07:14.480 In fact, it's been nothing but mistakes when it's come to trade.

00:07:17.900 Look at it.

00:07:18.600 This Prime Minister promised that he would negotiate a win on softwood lumber.

00:07:23.780 Now he says, who cares?

00:07:25.500 Well, Conservatives care.

00:07:26.940 Within 80 days of the Prime Minister Stephen Harper taking office,

00:07:30.580 he managed to eliminate American tariffs on softwood lumber and get refunds of them.

00:07:35.180 This Prime Minister has now had eight months, and those tariffs have now more than tripled.

00:07:40.980 Prime Minister asks, who cares?

00:07:43.400 I can tell you on behalf of all the MPs on this side, we care about the jobs that are being lost in Lumbertown.

00:07:49.040 Why doesn't he?

00:07:50.100 It's actually a great election sort of slogan of who cares, Conservatives care.

00:07:56.280 And you can just keep having advertisements play of who cares.

00:07:59.080 And then you can just have Mark Carney just say, who cares?

00:08:02.700 I don't need to call Trump.

00:08:03.840 I don't need to get a deal signed, blah, blah, blah.

00:08:05.860 And him just blowing off the issue.

00:08:07.560 And then you can always cut back to, you know, Conservatives actually care about this.

00:08:10.760 Conservatives actually care about that.

00:08:11.980 But that's my electoral strategy brain kicking in here.

00:08:15.280 But this is, Carney, you know you're doing a bad job when your own words can become a slogan against you in the next election.

00:08:22.640 But let's get back to Carney's response.

00:08:24.200 Mr. Speaker, this government cares about creating jobs in this country.

00:08:34.260 That's why we proposed a budget before this house that catalyzes one trillion dollars.

00:08:40.560 Oh my goodness, it's catalyzing things.

00:08:43.880 Oh my goodness, people.

00:08:45.080 Every time he says catalyze, my life, like, dies.

00:08:49.240 Like, my life just, like, shortens by a year.

00:08:51.640 Every time he says catalyze, it's so bad.

00:08:54.000 Like, honestly, Carney won the last election in spite of himself.

00:08:59.440 It was because of the Trump issue.

00:09:00.780 It was because of the weakness of Jagmeet Singh.

00:09:02.840 And I would say, in part, it was because Conservative advisors in the last election told Polly of,

00:09:08.740 Ooh, don't touch this issue.

00:09:09.640 Don't touch that one.

00:09:10.400 Just have a more, a slightly more moderate position on immigration than the Liberals do.

00:09:14.460 Have a slightly more moderate tax plan.

00:09:17.320 You know, like, reduce taxes a little bit more than the Liberals.

00:09:19.760 I think that also helped Carney.

00:09:21.000 But Carney did not bring out voters.

00:09:23.780 Maybe there's a sort of voter who remembers him as the Bank of Canada,

00:09:27.820 like the head of the Bank of Canada.

00:09:30.100 But maybe, same time, like, goodness, he comes off elitist in a terrible way.

00:09:37.480 There are some people who are elite, but they don't upset people with their, like, you know, elite status.

00:09:43.580 Trump is somebody who is a billionaire, but he doesn't come off elite in a lot of ways.

00:09:48.360 People can like or dislike Trump, but he doesn't come off as sneering.

00:09:52.680 Whereas Carney comes off as sneering, even when he's trying to sound, like, triumphant for the country.

00:09:57.680 For five years, the member opposite and his colleagues, those who could make it into the room, voted against that budget.

00:10:05.540 Voted against Canadian workers.

00:10:07.320 Voted against Canada's future.

00:10:09.420 We believe in this country, Mr. Speaker, and we are building it.

00:10:13.360 I just kind of trailed off there at the end.

00:10:16.760 I always like when people just, like, they just cast whatever they put up as a bill.

00:10:21.000 Like, oh, you voted against Canadians.

00:10:23.000 You voted against more school lunches and dental care and all this stuff.

00:10:27.780 It's like, you realize if taxes were just across the board lower.

00:10:31.720 And I invite the federal conservatives run on a 20%, even just an 18% across the board tax cut, including corporate.

00:10:39.520 If you did that, you wouldn't need a school lunch programs.

00:10:42.400 You wouldn't need dental care.

00:10:43.740 And even then, we still don't really need it because in paying for it, we tax people more so then they can't afford to give their kids, like, a school lunch.

00:10:53.080 That's always the catch-22 of it.

00:10:55.600 The government taxes and regulates the economy to the point where people need the government to pay for certain things for them.

00:11:02.520 When, if the government just stopped doing this all from the beginning and stopped taxing people so hard, stopped hurting the economy, nobody would ever need the government for anything.

00:11:10.400 It's funny how we somehow survived the Harper government without school lunch programs and universal dental.

00:11:16.720 It's almost like people were more financially stable at the time.

00:11:20.360 But now I just want to cut to an ad that the conservatives are running right now that I think is actually quite a good one, even though I actually sometimes disagree with, oh, Carney's not protecting our auto jobs enough.

00:11:33.300 It's not that I disagree with the actual idea of, like, protecting jobs, but I just always want to make sure we avoid protectionist language because protectionism doesn't actually protect jobs.

00:11:43.780 It, in fact, just holds the economy in stasis.

00:11:46.660 When you overprotect your economy, you end up just basically weakening it from the inside.

00:11:52.960 Yes, you're not losing jobs, but you're making the economy more bloated, more reliant on, like, taxing foreign goods and whatnot.

00:12:00.640 And I know that's not what the conservatives mean, but I would say that I would be going after the liberals on the side of that they're the ones who have been weakening the economy over time.

00:12:09.540 And that's why the jobs are flooding out.

00:12:11.120 It's not because of not enough counter tariffs or not enough strength.

00:12:14.200 It has to do with the government trying to be too big right now, which I do know that that's still a conservative philosophy, though, that we need smaller government.

00:12:21.780 Elbows up, didn't do anything, did it?

00:12:23.560 Hundreds of Canadian autoworkers will soon be out of jobs, and General Motors is blaming American tariffs.

00:12:30.200 When was the last time you spoke to the president?

00:12:32.120 Who cares?

00:12:33.060 I mean, it's a detail.

00:12:34.180 It's a detail.

00:12:34.980 I spoke to him.

00:12:35.860 I'll speak to him again when it matters.

00:12:37.220 From manufacturing to transportation, industries hit hardest by tariffs are also getting hit hard by job losses.

00:12:45.420 Windsor now has an unemployment rate of 11.1%.

00:12:49.220 In Oshawa, it's climbed to 9%.

00:12:51.720 Here, General Motors is slowing production at this plant because of tariffs, forcing one of its part suppliers to lay off 250 workers.

00:13:00.780 Who cares?

00:13:01.220 So, yeah, you know you messed up if you're Mark Carney when literally the conservatives can just take a couple seconds of you talking and turn it into an entire attack out on you.

00:13:23.380 Again, the tariffs are kind of why the cars are moving, like the car manufacturing jobs are moving back to the United States.

00:13:31.620 In part, that's because Carney has been a terrible negotiator on trade.

00:13:35.240 Also, it's just because of just the domestic, like economic policy rot in Canada.

00:13:41.560 Our domestic economic policy is terrible.

00:13:44.960 If we just lower taxes, if we just lower regulations, there could even be a 25% tariff.

00:13:50.080 But if our own car manufacturers of the companies operating in Canada are paying significantly less taxes, they could probably just eat that cost and continue working without losing employees.

00:14:00.300 The thing is that we subsidize these jobs and the subsidies aren't enough.

00:14:03.400 And it turns out that subsidizing an industry does not protect it forever.

00:14:07.480 In fact, what we need to be doing is making it easier to operate in Canada.

00:14:12.560 And in fact, that would give us more bargaining chips with the Americans if we had a more robust economy.

00:14:17.760 If our economy was more self-sufficient because of the lower taxes and regulations that you can operate in Canada very easily without needing to outsource jobs elsewhere.

00:14:27.140 We would have a stronger position negotiating with Donald Trump to say, you know what, you're not going to be able to beat us on this one because we're like operating in Singapore out here.

00:14:36.060 We have very low taxes, very low regulations.

00:14:38.460 Your car companies would rather operate here even with the tariffs.

00:14:41.900 So how about we get back to zero tariffs and we'll, you know, make some investments in the U.S. economy.

00:14:46.100 We'll get rid of the supply management in dairy and poultry.

00:14:49.160 And then we'll figure out a way of, you know, taking on China together and we can kind of form an international coalition against Chinese communism. 0.60

00:14:55.820 We could do that.

00:14:57.340 But Carney is petrified of touching the dairy and poultry issue because that's his voting base in Quebec and Ontario.

00:15:04.660 And even those farmers, really, I think they'd actually still vote for a government who would get rid of supply management as long as their taxes were lowered, as long as it was easier to operate.

00:15:15.660 Again, that industry has become less efficient over time because they've never had to be efficient.

00:15:21.440 Because you have a certain quota that you are allowed to supply into the economy and people have to purchase your product for a certain amount of money.

00:15:29.060 American dairy companies or dairy farms are much bigger than Canada's.

00:15:33.100 They're not like mega dairies.

00:15:34.240 Just the average, you know, family farm is bigger because you have to be a little bit bigger.

00:15:38.180 In Canada, you can get away being a dairy farmer with like on average 86 cows.

00:15:42.440 Pretty minor.

00:15:43.340 There's nothing wrong with that.

00:15:44.420 I think that there is a place for a smaller dairy farm in Canada.

00:15:47.420 But the thing is that we have subsidized it so much with the quota system that we've basically allowed not just our economy to unfairly compete with the rest of the world by tariffing all their dairy and poultry.

00:15:58.820 The thing is that those dairy farmers and poultry farmers who are allowed to operate right now are unfairly competing within our own country.

00:16:05.620 Alberta has 12% of the population, but only 7% of the dairy and eggs and poultry quota.

00:16:11.780 Alberta, that's a problem.

00:16:13.660 And you can say, oh, so you want our dairy and poultry farmers to go bankrupt?

00:16:17.840 No, I want them to all thrive.

00:16:19.520 The problem is we are only letting some thrive and we're blocking the rest out of the market.

00:16:23.760 That's socialism.

00:16:24.960 And I'm not a socialist, so I don't support stuff like that.

00:16:28.080 Again, I think we can have standards in saying, hey, we don't want ultra-pasteurized milk coming into our economy.

00:16:33.160 We don't want low-quality product.

00:16:35.520 Pass that regulation, we can enforce that, but it can't just be an arbitrary.

00:16:38.840 Everything outside the country is being tariffed to death because it, in fact, makes our own industry less efficient and hurts the actual economy overall.

00:16:46.940 The consumer is basically paying for an inefficient industry.

00:16:51.260 Anyways, with that all being said, thank you guys for watching.

00:16:55.000 Make sure to like, share, subscribe.

00:16:56.760 I will be back tomorrow with more stories from the BC legislature.

00:17:00.220 There was a fantastic bill that 1BC put up banning foreign and ideological flags from flying on provincial public property.

00:17:09.320 And the voting result, especially in the BC conservative camp, was really interesting.

00:17:14.340 Because yesterday they were planning, they were trying to steal some of the 1BC thunder by trying to message a little bit like 1BC. 0.66

00:17:20.840 And then they show up today and two-thirds of their MLAs vote against this extremely common sense bill.

00:17:27.540 I mean like so common sense that like centrist mayors, center-left mayors like Jeremy Farkas in Calgary are putting up bills saying, let's just keep the flagpoles to be neutral.

00:17:38.100 You know, it's the Canadian flag, provincial flag, the city flag, and maybe the Union Jack.

00:17:43.480 That's all that flies on our flagpoles.

00:17:45.160 Because two-thirds of the BC conservatives couldn't even bring themselves to vote for that, that most common of common sense bills.

00:17:52.540 Anyways, so with that all being said, thank you guys for watching and I'll see you all later.

The National Telegraph - Wyatt Claypool - November 26, 2025

Carney admits to screwing up negotiating with Trump AGAIN!

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