The National Telegraph - Wyatt Claypool - July 11, 2025


Carney FAILS to negotiate trade deal - Trump threatens 35% tariffs


Episode Stats


Length

15 minutes

Words per minute

179.93614

Word count

2,874

Sentence count

187

Harmful content

Misogyny

1

sentences flagged

Hate speech

2

sentences flagged


Summary

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

It turns out, Prime Minister Mark Carney wasn't the man with the plan like he presented himself as in the 2019 federal election. President Donald Trump has announced he is going to put a 35% tariff on Canada starting on August 1st as an obvious shot across the bow on wanting us to get rid of our supply management program.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here.
00:00:02.740 Well, it turns out Prime Minister Mark Carney wasn't the man with the plan like he presented himself as in the 2025 federal election.
00:00:12.740 U.S. President Donald Trump has announced he is going to put a 35% tariff on Canada starting on August 1st
00:00:19.900 as an obvious shot across the bow on wanting us to get rid of our supply management program
00:00:25.080 or at least heavily alter it so that some U.S. farmers are able to send dairy, cheese, and chicken into the Canadian market.
00:00:34.280 But we don't want to, for some reason, touch this even though it makes products more expensive for Canadians
00:00:40.000 and it's not even good for all farmers.
00:00:42.280 It's good for a select group of elite farmers who get to be part of the supply management system
00:00:47.400 while others in provinces like Alberta will literally be arrested for daring to try and sell eggs into the market
00:00:54.460 when they were not part of the quota system.
00:00:57.040 It's insane and again, it's demonstrative of a liberal government that was not as advertised.
00:01:03.160 It doesn't mean that Mark Carney is like the worst thing I've ever seen.
00:01:06.600 I think at this point he's still better than Justin Trudeau because Justin Trudeau is easily rock bottom
00:01:11.920 when it comes to how bad a world leader can be.
00:01:14.920 But he was the guy who's only just through a crisis and he's on vacation.
00:01:18.580 We don't have a spring budget.
00:01:19.660 We got embarrassed when it came to the digital services tax.
00:01:23.320 We got rid of it just to bring Trump back to the negotiating table and then we didn't negotiate.
00:01:28.240 That's why I titled this video Carney Fails to Negotiate with the U.S.
00:01:32.440 because we're not negotiating.
00:01:34.020 It's not like he's failing.
00:01:35.580 He's just failing to negotiate.
00:01:37.640 It's not like the negotiations are going bad.
00:01:39.580 I don't know what the negotiations are going like because they're not currently happening.
00:01:43.420 And so things could still turn around.
00:01:46.500 And I think the best way things could turn around is if Mark Carney agrees to get rid of supply management.
00:01:51.500 But I want to get into some of the more of the fine details of this case.
00:01:55.260 And before I do that, I just want to remind you guys, if you like the channel, you like my presentation,
00:01:59.660 make sure to leave a like on this video, subscribe to the channel if you're not yet a subscriber,
00:02:04.580 and leave a comment on what you think about the situation.
00:02:08.380 Again, I'm not like supporting Trump here.
00:02:11.160 I don't want to tariff on our economy.
00:02:12.720 At the same time, we give so many great excuses for them to put tariffs on us.
00:02:18.320 But let's read the statement that President Donald Trump put out.
00:02:22.000 Now, I agree with part of what he says.
00:02:24.400 And then on other things, I do think that Trump has, as you all know,
00:02:28.080 a tendency to exaggerate for his own benefit.
00:02:30.900 So he issued this yesterday.
00:02:33.260 And it is a letter addressed to the Right Honorable Mark Carney, Prime Minister of Canada.
00:02:39.080 And so it says,
00:02:40.460 Dear Mr. Prime Minister,
00:02:42.020 It is a great honor for me to send you this letter in that it demonstrates the strength and commitment
00:02:47.500 to our trading relationship and the fact that the United States of America has agreed to continue working with Canada despite Canada having financially retaliated against the United States.
00:02:58.340 Now, the thing I want to highlight about this first sentence is that he's basically saying,
00:03:03.820 Hey, we want to negotiate.
00:03:06.220 Where are you, buddy?
00:03:07.760 You're in Muskoka?
00:03:08.980 What?
00:03:09.720 We're trying to sign a deal by July 21st.
00:03:12.540 It is July 10th as of the writing of that letter.
00:03:16.160 Where are you?
00:03:16.760 We want to talk to you.
00:03:18.080 We even agreed to come back to the table after you tried to put a tax on our tech companies.
00:03:23.220 And again, I'm not even agreeing with the tone and tenor of how Trump does stuff.
00:03:29.040 I think that it's a little bit too hard and fast all at once.
00:03:32.840 I think he tends to like a 35% tariffs is pretty aggressive.
00:03:35.380 But I think it's more so trying to play hardball ahead of the July 21st state because the Canadians are not actually negotiating with the Americans.
00:03:46.000 So now let's go down a bit further.
00:03:48.460 And he says,
00:03:49.160 As you will recall, the United States imposed tariffs on Canada to deal with our national fentanyl crisis, which is caused in part by Canada's failure to stop the drugs from pouring into our country.
00:04:02.440 Instead of working with the United States, Canada retaliated with its own tariffs starting August 1st, 2025.
00:04:08.220 We will charge Canada a tariff of 35% on Canadian products sent into the United States separate from all sectoral tariffs.
00:04:17.420 Good transship to evade this higher, higher tariff will be subject to that higher tariff.
00:04:24.080 As you are aware, there will be no tariff in Canada or companies within your country decide to build or manufacture projects within the United States.
00:04:32.060 And in fact, we will do everything possible to get approvals quickly, professionally and routinely.
00:04:36.940 In other words, in a matter of weeks.
00:04:39.380 Again, that last sentence is very key.
00:04:42.260 He's saying we want to do things fast.
00:04:44.260 And if Canadian companies want to move over to the United States, we'll try and sign agreements to make that transition happen as fast as possible within weeks.
00:04:53.580 Because he's dealing with the Canadian government that is not it's just comatose.
00:04:58.220 It's just sitting there not willing to play ball.
00:05:02.060 Now, the fentanyl thing is a little overemphasized.
00:05:04.980 It's not as bad as Trump says it is, but it's also not a non-issue like Justin Trudeau and other liberal politicians were trying to claim back in December and January.
00:05:15.840 There is a drug problem in BC.
00:05:17.680 There is a drug problem in Ontario.
00:05:19.380 There's a drug problem across the country in Canada, just most acutely in places like Vancouver and in Toronto.
00:05:26.440 You think the drug dealers only deal in Canada like they're Canadian patriots who only want to deal drugs to Canadians?
00:05:32.680 No, they'll carry drugs over the border to go sell it in Seattle, too.
00:05:36.780 And so that is something we need to like clean up.
00:05:39.580 It's again, it's not like we're the majority of the issue for the United States.
00:05:42.300 We're not the worst actor, but it's a problem.
00:05:45.200 We are already working with them on that.
00:05:46.860 So it was cheap for Trump to bring up because I don't think that's something the federal government isn't willing to do this stuff for.
00:05:52.940 We're already trying to increase border security.
00:05:55.180 But the bigger thing here is the supply management system.
00:05:58.900 And later on, it says, if for any reason you decide to raise your tariffs, then whatever the number you choose to raise them by will be added on to the 35% that we charge.
00:06:11.140 Also, I must mention that the flow of fentanyl is hardly the only challenge we have with Canada, which has many tariffs and non-tariff policies and trade barriers, which causes unsustainable trade deficits against the United States.
00:06:23.520 Canada charges extraordinary tariffs to our dairy farmers up to 400%.
00:06:28.200 And that is even assuming our dairy farmers even have access to sell the products to the people of Canada.
00:06:34.320 So the big thing, we can just end it there for the letter.
00:06:37.300 The big thing that Trump wants is probably to get Wisconsin, Dakota, Michigan, you know, New England, dairy farmers, chicken farmers, the people who make cheese, the ability to trade into Canada.
00:06:54.760 You know, it's just a thing.
00:06:56.000 It's just politics.
00:06:57.520 He wants those people to like him for the midterm elections.
00:06:59.820 And you can say it's an excuse, but it's a good excuse that if we're already like we're already charging big sectors, massive tariffs of 200 to 400% on specific products, you can say, well, I'm only charging you a 35% tariff across the board.
00:07:15.360 So how about you get rid of your tariff and we'll get rid of ours? 0.72
00:07:18.720 That is obviously what this is all triangulating towards.
00:07:22.280 But Mark Carney and his liberal government seem more committed right now to the dairy cartel, to the trade, the supply management system than actually getting a deal done.
00:07:32.860 So this is what Prime Minister Mark Carney had said yesterday on Twitter, shortly after this tariff announcement was made.
00:07:41.540 Mark Carney said throughout the current trade negotiations with the United States, the Canadian government has steadfastly defended our workers and businesses.
00:07:49.500 We will continue to do so as we work towards the revised deadline of August 1st.
00:07:54.440 Canada has made vital progress to stop the scourge of fentanyl in North America.
00:07:59.040 We are committed to continuing to work with the United States and save lives and protect communities in both our countries.
00:08:06.740 No, we're not.
00:08:08.960 Because I know we are trying to, again, tighten up on the border.
00:08:11.760 We're trying to do other stuff.
00:08:12.800 Why are we allowing British Columbia to be a decriminalization province?
00:08:17.940 Why are we allowing Toronto to pilot decriminalization?
00:08:21.860 Why do we have safe supply programs in London, Ontario, and Toronto, and Vancouver, all over the place?
00:08:27.740 If we had a stronger commitment, we would start trying to actually crack down the drug problem.
00:08:32.700 But Carney finishes this statement off saying,
00:08:34.580 We are building Canada strong.
00:08:36.400 The federal government, provinces, and territories are making significant progress in building one Canadian economy.
00:08:44.940 We are poised to build a series of major new projects in the national interest.
00:08:48.860 We are strengthening our trade partnerships throughout the world.
00:08:51.320 Now, the key words he did not say in the statement are supply management.
00:08:57.080 What are you going to do with it, boss?
00:08:58.900 You got to get rid of it.
00:09:00.480 It would be good for Canadians to get rid of it. 0.99
00:09:02.260 In fact, it was like with the digital services tax.
00:09:05.240 It was a good thing for our own country to not have the digital services tax.
00:09:09.140 And now there's all these people out online, some of them being conservatives themselves,
00:09:14.260 who are saying that it's wrong to say that Trump is right about anything.
00:09:19.220 Guys, if he's right on something, I'll say he's right on something.
00:09:23.060 Supply management is stupid, not just for American farmers.
00:09:26.220 It's stupid for Canadian consumers and farmers that are not part of the supply management system.
00:09:31.260 I think it'd be good for us to remove it.
00:09:33.740 Okay, but Trump is not right on the fentanyl thing exactly.
00:09:36.480 I'm willing to call balls and strikes, but I cannot stand the hollow patriotism of just saying we're correct.
00:09:43.660 That's not even real patriotism.
00:09:45.140 That's just nationalism.
00:09:46.340 We're correct because we are who we are.
00:09:49.340 I'm an actual patriot.
00:09:50.680 I want Canada to be better off.
00:09:52.220 I want us to reduce taxes.
00:09:54.440 I want us to actually make our economy more competitive.
00:09:58.040 I want to out-compete the United States.
00:10:00.220 I don't just want to throw up tariffs and ignore each other and turn our countries into autarkies,
00:10:05.000 where you can only actually create products with resources and labor available within our own borders.
00:10:10.940 That's a great formula to ruining the entire economy. 0.75
00:10:14.360 But the more Canadian politicians talk about economics, they all sound like autarkic socialists who think it's bad to trade.
00:10:21.300 But I even want to highlight Pierre Polyev's statement on this because I didn't think it was honestly that great.
00:10:27.860 I thought it was a bit too, I don't know.
00:10:32.500 It's just not, I think it's trying to be safe.
00:10:36.240 And I'm not sure if exactly that's what you should be doing now.
00:10:39.060 Polyev says,
00:10:39.640 And what I find a little annoying with this is,
00:11:04.740 We must come together and defend our economy.
00:11:08.480 The latest tariff threats are another unjustified attack.
00:11:11.500 And it's the language of nationalism, but it's not accurate.
00:11:15.460 We should be removing taxes on ourselves because it's good to lower taxes.
00:11:20.360 We already have a good enough reason to actually just cave on this so we can get a full free trade deal.
00:11:25.860 I'd love it if there was no tariff between the U.S. and Canada.
00:11:28.520 And I would love it if I could buy chicken at a cheaper price, buying dairy at a cheaper price.
00:11:33.180 It's actually good for everyone.
00:11:35.480 Again, Trump actually forcing us to drop the digital services tax is probably a bigger tax break for Canadians than has been delivered by any party over the last 10 years so far.
00:11:45.740 Absolutely hilarious that we need a U.S. president to attack us to actually get some tax relief for Canadians.
00:11:53.280 But here's another post I want to highlight.
00:11:55.320 I do find this kind of funny.
00:11:57.180 I want to go through some of the takes I've seen from people.
00:11:59.660 Well, Cosman from Juno News, I think he's from the True North Wire Service wing of it.
00:12:06.400 He made this very funny post where he says, Mark Carney's advisors right now, quote, we have to we have we tried releasing another photo of him signing meaningless papers at his desk.
00:12:16.000 Quick, go get the pen and all the photos here of Mark Carney signing stuff to show how committed he was to creating one Canadian economy and fighting back against tariffs or whatever.
00:12:27.620 You know, I think some of these are from when he was getting rid of the carbon tax that he used to support.
00:12:31.860 But yeah, the problem with all the elbows up stuff is that it's a great it's a great election slogan.
00:12:38.860 I suppose, but it doesn't actually work in reality to just say elbows up when we actually need to, you know, give a little to get a little when it comes to making a trade deal.
00:12:49.880 We are failing to negotiate.
00:12:52.800 We are not negotiating.
00:12:54.100 We just assume that we went silent and we didn't talk about supply management.
00:12:57.740 Maybe we're just going to be able to get through this trade deal without it being touched.
00:13:02.520 It's going to have to go, guys.
00:13:03.900 Like there's a lot of people rightfully pointing out how toxic this is for our country to be just dedicatedly fighting for like the supply management system over everything.
00:13:16.380 And what was the thing I wanted to highlight here?
00:13:22.920 That doesn't really matter.
00:13:23.980 I just remember seeing.
00:13:24.840 Oh, no, this is this is a good one.
00:13:27.220 I like J.J. McCullough's take on this.
00:13:30.240 He is very anti-supply management.
00:13:32.780 And he was pointing out after CBC Watcher was posting a video of someone who's actually a more liberal commentator on the CBC saying what you can see this quote here.
00:13:42.380 Quote, when I was listening, waiting to come on, I actually held up my hand and said, I oppose supply management as well, because the he was just the guest on.
00:13:52.720 Basically, the CBC guest was saying before he came on the show, when you see her in the preamble, he was like thinking, sticking up his hand saying I'm against supply management because there's all this propaganda out there about how, you know, supply management is really what makes Canada.
00:14:06.740 It's like the public health care system.
00:14:08.200 What would Canada be without this terrible health care system?
00:14:11.540 But in reaction, J.J. McCullough says, literally everyone hates supply management.
00:14:17.220 It's just some dumb Quebec thing that the political elites like.
00:14:20.660 It's a house of cards that will collapse the second the Ottawa establishment calls Quebec's bluff and chooses to stop caring.
00:14:27.120 I hope Carney has the guts.
00:14:29.180 Do I think Carney has the guts?
00:14:30.840 I don't know.
00:14:31.480 If he did, I think he would have done something a while ago or been open about negotiating with the United States over softening the supply management system in order to get some concessions or eliminate it.
00:14:43.160 But, you know, maybe have it phased out over time.
00:14:45.320 We're just not doing any of that because Canada is a weird country where we have to care more about the dairy cartel than average people's standard of living.
00:14:56.000 But anyways, so that should be it for this video, guys.
00:15:00.460 No doubt this tariff situation is going to cause me a lot of grief over the next couple of months.
00:15:07.700 It's going to be annoying seeing Canadian politicians diving in front of, diving in front of the, like, in front of bullets to try and save the supply management system.
00:15:17.060 We just got to get rid of it.
00:15:19.300 It's not even good for us to begin with, like, all protectionism.
00:15:23.400 It just protects weak industries that have basically become complacent, that have become inefficient because they don't have to be efficient.
00:15:31.460 They are on a quota system.
00:15:33.000 They are guaranteed a supply that they are allowed to sell.
00:15:36.400 They aren't even allowed to be competed with by other Canadian farmers or for that part of the system.
00:15:41.360 But, yeah, next couple of months, we are going to hear a lot of dumb takes about how, why the supply management system is actually what saved your life.
00:15:50.120 I mean, you would all be dead right now if it wasn't for the supply management system.
00:15:54.600 But, again, that's it for me, guys.
00:15:57.900 See you later.