Carney has pathetic response after failing on trade deal!
Episode Stats
Words per Minute
174.2185
Summary
Wyatt Claypool talks about the utter failure of the Canadian government to negotiate a trade deal with the United States, and why it's time to go back to basics and get back to what we actually need to do to get a deal.
Transcript
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Like me, you've probably also been experiencing quite a bit of rhetorical whiplash from Mark Carney and his liberal government on the issue of trade with the Americans and Donald Trump.
00:00:13.600
Back when Mark Carney was first running to become the liberal leader and prime minister, and then also during the federal election, we were all supposed to be in elbows-up mode,
00:00:22.920
going super militant about the Americans, taking American booze off of liquor store shelves, not traveling to the U.S. on vacation,
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threatening counter-tariffs that the U.S. made good with their threat and put in tariffs with us unless we renegotiated a trade deal with them.
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And then Mark Carney got his full four-year term in office and went down to Washington, D.C. and tried to get on very well with Donald Trump,
00:00:47.060
which in fact is not a bad strategy, you know, be nice to the people that you want to sign a trade deal with.
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And the media, the liberal party, and online liberal activists said that was perfectly consistent with the elbows-up approach.
00:00:59.660
Elbows-up is perfectly consistent with handshakes and massages.
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And then when it turned out that just being nice to Donald Trump in an Oval Office meeting was not enough to secure a no-tariff deal,
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we went back to elbows-up until now we are at apathetically laying on the ground saying it doesn't really matter,
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nothing ever actually happens, so who cares if we fail to sign a trade deal.
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This was a signature policy of Mark Carney's federal election campaign,
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that he was going to deal with Donald Trump and get Canada the best possible trade deal.
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Yes, he's still saying he wants a good trade deal, but the deadline didn't matter.
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Mark Carney's self-imposed deadline was July 21st,
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and then he proceeded to do nothing to actually make sure that we would sign the deal.
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It's like they just thought that eventually if we talked with the American negotiators long enough,
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okay, we'll remove the tariffs, we don't want nothing in return.
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They obviously want something, and that something is for us to loosen the restrictions
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that the supply management system puts on American imports into Canada.
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American farmers can effectively not import any chicken or dairy products into Canada,
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and there's some other areas where supply management also applies
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and makes it impossible for the Americans to access the Canadian market.
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In fact, it actually makes it impossible for many Canadians to access the Canadian market,
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but we need another video someday on just how stupid the supply management system is.
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One little tidbit that I think highlights a lot of problems in one small little stat
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is that Alberta has 12% of the population of Canada,
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but we only get 7% of the supply management quota,
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despite being a province where it's actually very easy to produce a lot of agricultural products.
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There's a reason why we keep having stories pop up in the media
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where an Albertan or Saskatchewan farmer gets arrested for illegally trying to sell eggs
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because they were not selling it within the quota system.
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That's what you'd assume would happen in like a Soviet Union system.
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Oh my goodness, you were trying to make non-government wheat?
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Well, you're going to the gulags for five years minimum,
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and then, you know, maybe we'll let you go back to your farm afterwards
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if the state hasn't already taken over and collectivized it.
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But anyways, what I want to do in this video is talk about
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just how poor the Liberals' response to the trade issue is.
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We now have a 35% tariff on all non-USMCA compliant goods.
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And by the way, just because every product can technically become USMCA compliant
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doesn't mean this isn't costing us a lot of money
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because it costs money to become USMCA compliant.
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Not only is there a bigger burden of paperwork and checks that have to be done on your product,
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but you also have to oftentimes be sourcing your materials and your labor from more expensive places.
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and then assembling it in Canada and selling it into the United States.
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It would all have to be either the material gotten from the U.S., Mexico, or Canada,
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assembled in the U.S., Mexico, or Canada with all the proper documentation
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and with all the extra oversight that you have to deal with,
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and then you can trade into the United States without a tariff.
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Before the whole 35% tariff thing came into effect,
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only about 30% of products even bothered trying to become USMCA compliant
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because if you didn't, you were paying like a 5%, 6%, 7% tariff.
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It wasn't that bad, which should tell you that USMCA compliance
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is effectively about worth, you know, 7% higher prices
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either a 7% tariff was applied to your product or you became USMCA compliant.
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If the 7% is worth taking onto your product rather than becoming USMCA compliant,
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obviously becoming USMCA compliant is not free.
00:05:09.080
But right now we have Carney and the Liberals pretending like nothing happened.
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Well, we never technically said we were going to do this during the federal election,
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The rhetoric from Carney is he knows how to deal with Donald Trump.
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You can't elect those conservatives because they're going to mess it up
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So I guess that Trump doesn't have what we want
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So maybe this is a partial victory in their mind.
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But this is a statement by Prime Minister Carney on US trade or Canada-US trade.
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President Trump has announced that the United States will increase its tariffs to 35%
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on those Canadian exports that are not covered under the Canada-United States-Mexico agreement,
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I'm just going to call it USMCA because CUMSA is kind of dumb.
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While the Canadian government is disappointed by this action,
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which is the world's second largest free trade agreement by trading volume.
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US agreement of USMCA means that the US average tariff rate on Canadian goods
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remains one of its lowest for all of its trading partners.
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Other sectors of our economy, including the lumber, steel, aluminum, automobiles,
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are, however, heavily impacted by US duties and tariffs.
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For such sectors, the Canadian government will act to protect Canadian jobs,
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invest in our industrial competitiveness, buy Canadian, and diversify our export markets.
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they really just mean that we're going to subsidize it,
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making the industry, in fact, less competitive over time.
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But I guess that's a good thing, according to the Liberals.
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I just want to go down to something that's just asinine,
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that we're going to pretend like now it doesn't even really matter
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It says right here in the second line to the bottom,
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while we will continue to negotiate with the United States on our trade relationship,
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the Canadian government is laser-focused on what we can control, building Canada strong.
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The federal government, provinces, and territories are working together to cut down trade barriers
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We're developing a series of major national building projects
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with provincial, territorial, and indigenous partners.
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Together, these initiatives have the potential to catalyze
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over half a trillion dollars of new investment in Canada.
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Oh my goodness, the man has to drop his addiction to saying the word catalyze.
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At the same time, we have the supply management system in place
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that not only is helping prevent us from getting a trade deal with the United States
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to go down to near-zero tariffs or zero tariffs.
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But the supply management system isn't even good for trying to build this one unified Canadian economy.
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Yet we're celebrating that we are going to potentially do something.
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Even the major projects thing is complete nonsense.
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The major projects, building act, blah, blah, blah, blah, blah, blah.
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It has this ridiculously long title, so I just call it the Getting Stuff Done Act
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because it's Mark Carney trying to signal that he wants to get stuff done.
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At the same time, he's been telling Inuit and indigenous groups and premiers
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that he's not actually going to force any pipeline projects on them
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or any other energy projects that they do not want to sign off on.
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And the problem is, if you understand the reconciliation industry,
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there is never really a good reason for indigenous ban councils to actually sign off on new projects
00:09:01.840
because you can get more money by obstructing than you will actually get in passive income
00:09:06.380
as in a community for approving a new pipeline, which is a bit of a toxic incentive.
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And that's why Carney, because he is still a leftist at heart,
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ended up having to basically promise them that he will still force companies
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to go through a full and thorough consultation process in which he will not force them to say yes.
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Like, effectively, he's going to let them veto the projects on his behalf.
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He can sit there saying, oh, I wanted the project done.
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And look, I passed Bill C-5, the Getting Stuff Done Act.
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It's just that this indigenous group doesn't want to do it.
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But just fill out these 10,000 forms and then we'll get back to you.
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You're just finding you have 10,000 pages of potential excuses to say no,
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saying, well, I wanted to say yes, but you missed one of the boxes between pages one or 10,000.
00:10:07.240
But now I want to move over to what the Liberals are currently posting on their own social media
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in the aftermath of not getting this thing over the finish line.
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Mark Carney is still talking about this Confederation bridge toll being lowered.
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He has posted about this more often than people post wedding photos.
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Carney says here, big news and big savings for Atlantic Canadians.
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Starting today, Confederation bridge tolls are cut from $50 down to $20
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and interprovincial ferry fares in Atlantic Canada have been cut by 50%.
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Although Mark Milkey from the Aristotle Institute has pointed out that already Atlantic Canada
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gets a lot of subsidies from Western Canada through the equalization system.
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And by actually lowering these tolls, it means these Atlantic governments are taking in less money
00:11:02.820
themselves, which means that it's only going to be made up for by Alberta taxpayers,
00:11:08.240
actually British Columbia taxpayers now as well, which caused the strange spectacle of BC NDP
00:11:15.020
Premier David Eby complaining about the equalization system not being fair to BC,
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Too bad he sucks at his job too much to do anything about it.
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And by the way, if you live in British Columbia, I would suggest to you to join the 1BC party
00:11:33.120
Just go check it out in the description below and pin to the top of the comments, 1bc.ca.
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The BC Conservatives are currently literally $4.5 million in debt,
00:11:44.080
and the party's being run by incompetent buffoons.
00:11:47.120
So that party is, at least right now, not going to go anywhere.
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If you actually know anything about party financing, $4.5 million in debt would be a massive debt
00:11:58.640
This is a provincial party in a province where you can only maximum donate to a party $1,400.
00:12:05.140
Yeah, they get a per vote subsidy every year, but even if they put the full per vote subsidy
00:12:09.240
towards their debt, it would be two and a half years until they're debt-free,
00:12:13.260
and based on all the costs I know they have, it's not going to be that fast.
00:12:17.480
But anyways, now let's move on to some other stuff that the Liberals are ballyhooing.
00:12:31.100
Over the last week, I think it's actually been done, like it was more than a week ago he did this,
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I don't know why we need to see it this many times.
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And here's him walking through a national park in Prince Edward Island.
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You know, you don't get trade deals, but you do get this one marvelous footage,
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this haunting imagery of Mark Carney walking down a wooden path.
00:13:03.760
I hope you liked that, because we don't have, that's what we get,
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that's our consolation prize, instead of actually getting a trade deal.
00:13:14.100
And this is a piece of news that I thought was really pathetic to be reporting on
00:13:24.960
quote, should Canada seriously consider initiating a formal process to join the European Union?
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Oh my goodness, the fact that you could get 46% of people to say yes is baffling to me.
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And by the way, even a majority of federal conservative voters said yes.
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I think it might be a little bit of a dishonest question,
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because I don't think Canadians know enough about what the EU entails,
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and they might just think it's a trade agreement.
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It's not, it's something far more bureaucratic and stupid.
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Canada should not join the EU and join with Germany and the Netherlands and France
00:14:00.160
in paying for all the basket case countries in the Balkans and in like, you know, Spain and Portugal.
00:14:06.700
I don't want to join a group that would put basically supply management type policies
00:14:13.200
on other things that Canada does, like fishing and whatnot.
00:14:15.880
Although actually we do have supply management restraints on fishing.
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We actually have fishing quotas in this country that stops fishermen from catching too many fish.
00:14:23.500
But they also can't kill the seals that are eating all the fish,
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because eco-activists don't like you doing it, apparently.
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It's worth shredding the fish stocks so that eco-activists are not sad.
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don't worry, Mark Carney's super cool, just like Barack Obama or whatever.
00:14:54.000
Prime Minister Mark Carney reminds me very much of President Barack Obama.
00:15:00.480
And constantly needing a teleprompter or they have no clue what they're saying.
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And we have, yeah, we have a place like CultMTL saying the conservatives are on the wrong side of history yet again,
00:15:17.740
as Pierre Pollyov condemns Canada's decision to recognize Palestine as a state.
00:15:22.680
This is still something the liberals are on about,
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that Mark Carney is very smart and very intelligent and probably a beautiful person,
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because he recognized the terror state of Palestine during trade negotiations.
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why did we need to recognize a state run by Hamas or Fatah during trade negotiations
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with the country that keeps us safe from things like Hamas-style terrorists?
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America does a lot of security work for Canada.
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we're just going to go around starting to recognize terror states
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that you're having to basically help Israel prevent from causing regional chaos.
00:16:07.880
And in the aftermath of this, we also, we got thanked by the leaders of Hamas.
00:16:12.000
And then Hamas released a video of them torturing a Jewish man and making him dig his own grave.
00:16:19.760
but psychologically torturing a man at the least that they've been keeping hostage
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But anyways, that should pretty much be it for me today in this video.
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And then we went to, no, no, no, it's actually good that Mark Carney's giving Donald Trump a bear hug.
00:16:42.320
And in fact, it wouldn't actually be a bad idea.
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But we didn't turn that goodwill into a trade deal.
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We just kind of like assumed that Carney like going and like hugging Trump,
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give him a handshake that was going to result in saying good.
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And now after the trade deadline passes on our elbows up shenanigans,
00:17:05.840
our inability to put things on the table like supply and management didn't result in anything.
00:17:10.120
Well, then we're just going to pretend nothing happened.
00:17:13.220
Well, that wasn't really a federal election promise that Carney was saying he was going to get a trade deal with the U.S.
00:17:22.120
Focus on bridge tolls in Confederation Bridge or lower.
00:17:28.120
I can feel the economy spurring off, like just chugging along now.
00:17:33.440
But anyways, that should be it for me today, guys.
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