The National Telegraph - Wyatt Claypool - Carney Is A Fraud - Trump Trade Deal is Hot Garbage for Canada!

00:00:00.000 So, apparently, Mark Carney and the Liberals have a trade deal with Trump and the Americans.

00:00:05.920 And I want to clarify something I said yesterday on the show.

00:00:09.460 I said I don't think Mark Carney is going to get a trade deal.

00:00:12.960 Now, obviously, I don't think he was just going to sit there and let 50% more tariffs hit us and do absolutely nothing.

00:00:19.660 I always believed that he'd probably sign something last minute at least to deflect those new 50% tariffs.

00:00:25.640 What I thought is he's never going to sign something that's going to be wide-ranging and deal with the problems that we want dealt with.

00:00:32.900 And that's exactly what is happening here.

00:00:35.440 We're not actually dealing with the major problems.

00:00:37.700 We're, like, slightly lowering tariffs, but the pain is still going to be ongoing, if not permanent now.

00:00:44.440 The entire thing makes a farce out of Mark Carney pretending, like,

00:00:48.580 I've dealt with Donald Trump before and I'm going to sign a good deal for Canadians.

00:00:52.660 The current deal looks like it's locking us in at tariff rates that we had back in May 2025.

00:01:00.200 That's a victory.

00:01:01.440 He was literally running against the current tariff rates that we are now agreeing to permanently.

00:01:08.180 But don't just take my word for it.

00:01:10.300 We will be jumping into some of the details in just a second here.

00:01:13.500 But first, just reminding you guys, if you like the show, make sure to leave a like on the video.

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00:01:40.760 And, of course, leave a comment on what you think about the current deal that Mark Carney looks like he's negotiating with with President Donald Trump.

00:01:48.100 So this came out late last night. It was literally 11 p.m. Eastern time, one hour before the new tariffs were going to go into place.

00:01:57.200 Mackenzie Gray here from the Globe and Mail was reporting. He said,

00:02:00.400 Breaking, Trump has paused a new 50% tariffs on Canada for three days because he says there's a deal on trade.

00:02:09.160 Now, Donald Trump here said on Truth Social,

00:02:11.140 I have paused the 50% tariffs against Canada that were scheduled to kick in tomorrow morning for a three-day period.

00:02:17.700 based on the fact that Canada and the USA, subject to finalization of the documents, have a deal.

00:02:23.340 The great Keystone XL pipeline long ago killed by sleepy Joe Biden may be awoken from the grave.

00:02:29.400 Thank you for your attention in this manner, President Donald J. Trump.

00:02:32.440 Now, the funny thing about the whole Keystone XL pipeline being mentioned by Donald Trump is,

00:02:37.300 as we're going to get into it, Mark Carney doesn't actually mention it in his own statement.

00:02:42.760 For some reason, only Americans have actually mentioned the Keystone XL pipeline so far.

00:02:46.540 and that kind of proves that Alberta Premier Danielle Smith and to a certain extent also

00:02:52.220 Saskatchewan Premier Scott Moe have the right attitude in dealing with the Americans. The only

00:02:57.960 silver lining of this deal is that the Keystone XL pipeline might get built and the great thing

00:03:02.700 is that Alberta and Saskatchewan do not need to rely on other provinces to build this. I'm not

00:03:07.300 even sure if it goes into Saskatchewan. I'm just saying those are the two reliable provinces

00:03:11.920 obviously when it comes to building energy infrastructure this thing can just go right

00:03:16.760 over the Alberta or Saskatchewan border into the United States without the need to negotiate with

00:03:22.480 British Columbia with a bunch of First Nation bands we can just do it the rest of the deal

00:03:28.740 is not so good but let's first get into what Mark Carney posted yesterday which was very vague it

00:03:36.280 didn't really give a lot of details and in fact he doesn't even use the word deal when talking about

00:03:41.040 the potential trade deal. Maybe a focus group told him, do not say deal because dealing with

00:03:46.340 Trump is bad for your poll numbers. I don't know. But he said yesterday, my statement on ongoing

00:03:52.920 Canada-U.S. trade negotiations. Over the last number of weeks, Canada has engaged in intensive

00:03:58.700 discussions with the United States to address outstanding trade issues and deliver greater

00:04:03.100 certainty and real benefits for Canadian businesses, workers, farmers, and families.

00:04:07.420 substantial progress has been made although there is some important work still to be done

00:04:11.760 as the work is ongoing the united states has agreed to postpone the implementation

00:04:16.340 of its 50 percent tariff on a range of canadian goods under section 338 of the u.s tariff act of

00:04:22.460 1930 until the end of day august 21st while we continue this work canada remains focused on

00:04:28.420 building a stronger more independent and more competitive economy at home now what you will

00:04:33.700 notice between the statements that the Carney liberals make and the Trump administration makes

00:04:39.720 is that the Trump administration is far more detailed. Even though it's early going,

00:04:46.420 they do kind of give you little nuggets of what they thought they got out of this. Trump, in his

00:04:50.980 just very short statement, shorter than Mark Carney's, immediately mentioned the Keystone XL

00:04:55.280 pipeline. And probably the Keystone XL pipeline was always going to be built. It wasn't really

00:05:00.780 like a project that i think anyone in canada has a problem with anymore especially since it really

00:05:06.000 only has to do with alberta and america and so you know maybe carney threw that in as like a little

00:05:11.860 bit of like a sweetener to the deal if he did that's smart that's not a bad thing to do uh but

00:05:17.380 overall it's kind of a little bit you know like when you see the rest of the deal it's like okay

00:05:22.840 maybe you got a little bit extra from throwing in the keystone xl pipeline and if you did something

00:05:27.200 that was really easy to do you know good on you but the rest of the deal i wish he was doing that

00:05:33.200 more so uh you know like throwing in little goodies that canadians either want to do anyways

00:05:38.900 or would like to get rid of in the case of supply management in order to reduce the tariff rates

00:05:43.180 because like spoiler alert we're not really building any uh we're not really doing much

00:05:48.300 when it comes to reducing tariff rates so this was posted by a canadian news correspondent in

00:05:54.740 washington and he says josh wingrove here trump's official declaration says canada has quote

00:06:02.000 expressed a commitment to remove the discriminated discriminations or unreasonable and unequal

00:06:07.680 impositions on dairy alcohol and vehicles the basis of the on of the potential new tariffs

00:06:13.660 now one thing to be a little wary of in terms of if this deal actually goes through or not is he

00:06:19.640 mentions on dairy and as of today the liberals are heavily walking back the idea that they're

00:06:25.500 going to touch dairy at all that they're going to touch supply management at all maybe they still

00:06:29.720 are and they're really trying to massage it in front of canadians but what it sounds like we've

00:06:34.460 done is we've just gone back to may 2025 june 2025 tariff rates because remember later on in 2025

00:06:42.180 or early 26, that's when tariffs on aluminum, steel, lumber, they all jumped up to 50%.

00:06:49.920 Now, look what has happened. Because, you know, this ain't really great. It looks like we basically

00:06:57.020 settled for what were the tariff rates that we considered intolerable in early 2025 as like a

00:07:03.980 big win. Check this out. From Table Salt here, good account for following little breaking news

00:07:10.040 things on social media. He says, Bloomberg reporting that the Canada-US deal locks in

00:07:16.280 a 25% US tariff on Canadian steel and aluminum in a blow to Kearney. It means that in order to get

00:07:23.120 rid of the new August 19th 50% tariff, we had to lock in the previous bad deal we had. And we're

00:07:29.460 not even touching softwood lumber yet. And I haven't heard anything on autos. Maybe if we

00:07:34.080 reduce the autos to nothing, that wouldn't be actually too bad. In fact, maybe the private

00:07:38.380 sector unions and the auto plants in Canada would be happy with that because it might mean if

00:07:43.420 there's still aluminum and steel tariffs why not build the car with the aluminum and steel in

00:07:47.560 Canada and then take the tariff-free car once it goes to the U.S. or a very low tariff that would

00:07:53.220 be a silver lining it's still not great for the entire economy if that's true and I'm just

00:07:57.500 speculating I have no clue at the what it's going to look like on autos even if that was true you

00:08:02.860 know round of applause for the auto sector fair enough take what you can get but the overall

00:08:08.220 economy would still not be doing so hot because we effectively would have to funnel all of our

00:08:12.640 steel and aluminum through the auto sector to actually have its finished products bought by

00:08:17.940 the Americans. Because a 25% steel and aluminum tariff basically makes it that you're really

00:08:23.520 never going to source Canadian steel and aluminum as an American firm first. You're always going to

00:08:28.780 go for steel and aluminum producers in America. It doesn't matter if the Canadians can do it 1.00

00:08:33.580 cheaper, the tariff makes it more expensive automatically. And now this would be a great

00:08:38.420 time for Carney and the Liberals to cut taxes substantially, especially for corporations.

00:08:43.220 But no, we're Liberals, so we're never actually going to do that. And apparently we also have to

00:08:47.940 be getting rid of the booze ban right now. So of course, you know, Laura Babcock, Charlie Angus,

00:08:54.400 and Klaus Kellerman most affected here. I want to jump over to actually Laura Babcock's,

00:09:01.080 um her reaction to all this i'm just going to highlight first the thing that she ends up

00:09:05.960 commenting on uh jeffrey lescombe here says if as part of the canada u.s deal canada opens the door

00:09:12.680 to more american dairy let me assure you no canadian i know would touch american dairy with

00:09:17.500 a 10-foot pole even if it were free thanks for your attention to this matter no have you have

00:09:25.060 have these people ever met a struggling family if the dairy products were cheaper or free they will

00:09:33.560 take them because in fact most people are not so economically comfortable that they can base their

00:09:39.440 lives around hating america now what glora babcock says in response is truly unhinged but of course

00:09:46.180 we're going to go over to her praising carny anyways laura here says no u.s booze and in

00:09:52.740 brackets after all these things she says like uh she says something like watery so no u.s booze

00:09:58.060 watery no u.s dairy gross no u.s produce explosive diarrhea no u.s travel ice gestapo well you know

00:10:07.940 laura i hope that you're not going to just sneak over the border because you know the ice doesn't

00:10:11.860 need to arrest you if you you know go the legal way but oh i know she says here canadians will

00:10:17.080 boycott American goods and travel until the scourge of Trump and Meg is long gone,

00:10:23.540 regardless of any new trade deals. We have freedom of choice. And so notice how she puts

00:10:28.960 deals in scare quotes. So she doesn't actually believe this is a deal. This is bad. But let's

00:10:34.580 just go back to this. No U.S. booze, watery. No U.S. dairy, gross. No U.S. produce, explosive

00:10:40.240 diarrhea. You should talk to your doctor, Laura. I don't want to deal with that one. But if you're

00:10:45.160 having explosive diarrhea because of u.s produce i don't think that's a u.s thing i think that might

00:10:49.660 be a you know what you how you're consuming things how you're washing it and all that

00:10:54.980 and then again no u.s travel ice gestapo i don't know how that affects you unless you're

00:11:00.580 illegally jumping the border to enter the united states maybe that's a common practice for laura 0.96

00:11:04.980 babcock but all these people they always list booze first because that's the biggest thing 1.00

00:11:09.140 oh my goodness guys laura babcock's not gonna drink bourbon good honor i don't know maybe her 1.00

00:11:14.760 liver will be happier with her if she doesn't do that. But, like, these people would drink the 1.00

00:11:20.180 bottle tears of Uyghur Muslim slaves in China before they would drink bourbon because they're 0.94

00:11:27.560 irrational anti-Americans. You don't have to like the tariffs from America. In fact, I hate them so 1.00

00:11:33.740 much that I don't like the deal that Carney is cutting because it's leaving so many of them in

00:11:38.640 place. But it doesn't matter if we got a zero tariff deal. Laura Babcock would have not been

00:11:43.260 buying American products anyways. She probably never bought American products to begin with. 0.97

00:11:48.180 He is just an America hater like Charlie Angus. In just a second now, I want to take you guys,

00:11:54.480 I actually do want to play an excerpt from her show yesterday just to show you the

00:11:57.980 unhinged kind of rhetoric her and Charlie Angus were engaging in 24 hours before.

00:12:03.400 But she says this in response to Mark Carney's statement I showed earlier. She says,

00:12:08.340 thank you for your efforts prime minister no one wants your job to have to deal with the

00:12:13.280 mercurial mercurial madman in the white house what are you happy with the efforts i thought 1.00

00:12:19.840 you'd put in the deals and scare croats like it's all nonsense anyways i hated the stupid lie 1.00

00:12:26.920 you can't deal with donald trump you can deal with them carney just sucks at it you know exhibit 1.00

00:12:32.760 proof is that we have a deal that's only reducing tariffs and not eliminating them. It's almost like 0.97

00:12:38.820 we should have made a deal back when the tariffs were only 25% because then we're making a deal

00:12:43.820 to take it from that position lower. The problem is when you burn all your leverage, everything has

00:12:49.400 value. When you give concessions for free and you aren't chipping away at the current tariffs by

00:12:53.960 giving things, then when they go up and you have less leverage, then all you can do is slightly go

00:13:00.160 down from there. The thing is that our hand has only become weaker since then. We've only become

00:13:06.360 jumpier when we actually have the opportunity to negotiate, which results in us doing things

00:13:12.300 mostly just to prevent even more tariffs from hitting us, and the amount of actual damage

00:13:17.500 we're doing to the current tariffs is minimal. When the 25% tariffs were around, we should have

00:13:22.740 gone to the table, played hardball. I'm never saying let's beg and let's get on our knees and

00:13:27.260 say oh we'll give you whatever you want to take the tariffs away there's a certain way negotiations

00:13:32.040 are done oftentimes and this is something trump is famous for you ask for more than you actually

00:13:37.040 want you act more aggressive than you're actually willing to be and at the end of the day you have

00:13:41.360 to make the other person feel like they won it's just how negotiations work do you think you'd ever

00:13:46.260 sell a house if at the like right before the signing you start making fun of the person like

00:13:51.100 oh my goodness you're paying probably a hundred thousand dollars more than you really should

00:13:54.340 No, you don't. You act like it's the greatest deal that's ever been signed and the person's actually ripping you off. That's what Carney should have been doing. But he is scared of Trump because Trump, in his mind, is a stupid non-sophisticate and Carney is the sophisticated. He is the most sophisticated on earth.

00:14:10.100 So he was always scared of engaging with Trump directly, not wanting to look like he got fleeced. And I guess his fear has been proven true because he got fleeced here. He has burned a lot of ammo for very, very little in return.

00:14:25.480 I want to jump over to Dominic LeBlanc speaking here to reporters next to Jameson Greer. I think actually Jameson Greer walked away right before the clip of him plays, but I watched the whole CPAC clip, skipping the French parts, of course, of Jameson Greer and Dominic LeBlanc speaking.

00:14:43.260 When it got to Dominic LeBlanc, the thing I found very telling, and this goes back to the supposed claim that we are giving up something regarding dairy, that the one thing Dominic LeBlanc talks about is supply management.

00:14:56.400 That is the thing he thinks is most important to portray to Canadians.

00:15:01.760 And ongoing U.S. concerns about how the Canadian government allocates quotas for carefree imports of dairy products.

00:15:08.640 Minister LeBlanc had this to say about the supply management system.

00:15:11.540 I am very confident in these discussions. And as we finalize the final text, as Ambassador Greer said, the prime minister was very clear. We needed to protect supply management. We needed to ensure that the supply management regime remained entirely intact.

00:15:28.920 and i'm entirely intact this is apparently the god of canadian politics we cannot touch supply

00:15:37.860 management notice how i did not say the liberal party because i am about going to get to a clip

00:15:42.500 where i have to admonish here polio who said that we shouldn't have touched it's good we don't touch

00:15:47.940 supply management i'm going to explain why he thinks that and why people should stop thinking

00:15:53.360 because none of these people actually believe in supply management they just don't understand how

00:15:57.580 interest groups work. I'm confident that that's the case. So, you know, we're waiting to see

00:16:02.980 clarification between those comments. What, if anything, has been tweaked? You know, Greer also

00:16:08.180 spoke about economic security and digital alignment. We are short on details about what

00:16:12.440 that looks like. She is not blinking, by the way. I just have to comment on that. You know, and I

00:16:17.540 know no shot at her. She's probably been up all night drinking coffee, following this whole thing 1.00

00:16:22.180 completely wired but that's just something i had to say on paper and you know trump in a social

00:16:27.920 media post last night suggested keystone xl could be you know quote awoken from the grave as part

00:16:33.900 of an agreement you know that of course is that pipeline project the biden administration canceled

00:16:38.560 which would have moved oil from alberta to us refineries again not hearing from the canada side

00:16:43.920 about what exactly has been negotiation negotiated um and we don't know more about what this means

00:16:49.560 for other hard-hit Canadian industry.

00:16:52.140 I think she was on screen for like 40 seconds.

00:16:54.440 I think I counted three blinks, but whatever. 0.95

00:16:56.220 Good for her. 1.00

00:16:57.460 And she's right.

00:16:58.560 You know, she's not making the point herself,

00:17:00.080 but she's just kind of, you know, implying the point.

00:17:03.220 Why are we always learning the details of these things

00:17:05.400 from the Americans?

00:17:06.480 The 50% to 25% steel and aluminum tariffs news

00:17:09.740 came from Bloomberg, an American company

00:17:11.620 or American news outlet.

00:17:13.920 We have not learned anything from the Canadian side

00:17:16.140 other than we are definitely not touching supply management.

00:17:19.560 Why not touch it? Because again, things have value. If you put it on the table, it's not like Trump's like, I'm going to give you nothing for it. You know, this isn't Pawn Stars or whatever, where you're going to, you know, put something on the table. He says, actually, it's worth $0 because it's a fake or something like that. You will get something from it.

00:17:35.980 And so we, of course, even if I don't like supply management, if they weren't going to give us anything substantial in return, maybe I'm going to say, well, I'm not going to offer you it because you're not giving me enough.

00:17:45.260 This is what I mean with hardball.

00:17:46.980 You have to be willing to give something up to get more back.

00:17:50.180 That doesn't mean that if they say, I'm only going to give you this for it.

00:17:52.820 You're just like, I don't, what are we talking about here?

00:17:55.040 You're giving me nothing. 1.00

00:17:56.120 You're treating me like crap. 1.00

00:17:57.260 Bye. 1.00

00:17:57.860 And then you have to be able to walk away.

00:17:59.480 You have to be able to do a lot of things.

00:18:01.060 I know people are going to say, well, why are you being so naive?

00:18:03.460 You're just creating a scenario in which your ideas would work.

00:18:06.980 I'm not.

00:18:08.120 I'm actually basically saying that a lot of things can happen, and you just need to have a strategy that's dynamic. 0.99

00:18:15.120 Carney's strategy has only been dynamic in its stupidity. 0.96

00:18:18.000 Like, he takes a shot at Trump, acts really tough, talks about a middle powers alliance at Davos, and then gives him a bunch of concessions. 0.99

00:18:25.200 Gordie Howe Bridge, DST, Streaming Act.

00:18:27.920 And he didn't put those on the negotiating table and saw, what can I get for the DST?

00:18:32.600 Maybe putting the DST on the table to only lower the tariffs on another two points.

00:18:37.120 I don't like the DST either.

00:18:38.240 Maybe that's all you can get for it.

00:18:39.320 Maybe you can say, hey, I'm taking a 5% streaming tax off the table.

00:18:43.180 I want the steel tax and the aluminum tax also lowered by another 5%.

00:18:46.780 On the Netflix streaming tax, that was going to be 15%.

00:18:52.160 I want another 15% off.

00:18:54.300 And then maybe you can have a 6.5% tariff on steel and aluminum.

00:18:57.320 you know just enough that maybe american firms will be usually the place that people go first

00:19:02.940 but once you know if you're right along the border they're going to use a lot of steel and aluminum

00:19:06.960 from canada figure something out like that but it's like carney hasn't even thought of the fact

00:19:11.080 that things have value and they can be traded for value like who could have guessed a liberal doesn't

00:19:16.940 understand the economic value of things since they just blow money constantly and overpay for major

00:19:22.260 projects and all that stuff you know who could have guessed but now i need to get to the clip

00:19:26.480 up here, Polly, of talking about supply management. They got to figure it out. They have to realize

00:19:31.860 supply management is not popular. And even in the supply management writings, you are not going to

00:19:37.160 lose the election. Would you support changes to supply managed dairy to try to strike a deal with

00:19:43.000 the Trump administration? Well, what we we don't we do not believe that there should be unilateral

00:19:49.680 concessions to the United States of America getting nothing in return. We believe that

00:19:55.340 And the United States spends tens, if not hundreds of billions of dollars in subsidies to its farmers, which put our producers at a competitive disadvantage.

00:20:07.000 And we believe in standing up for our farmers on this side of the border, including supply managed farmers.

00:20:12.700 The thing is that if you're doing this, you're only standing up for supply management farmers.

00:20:17.440 Alberta, perfect example.

00:20:18.660 12% of the population of the country in terms of farmland really good quality farmland it's

00:20:24.720 probably even more than 12% of the country we only get 9% of the quota now I've heard it's 1.00

00:20:29.540 gone up a little bit like by 12% recently the chump change we're going from like 9 to like 9.5 0.98

00:20:35.360 in that case doesn't matter the thing is that you're not standing up for farmers you're standing 0.88

00:20:40.440 up for a government bureaucracy that incentivizes inefficiency and it rewards people for not being

00:20:46.660 very productive. And it's a cartel that keeps other dairy farmers out. Basically, it makes it 0.97

00:20:52.960 so that unless you're part of the special club of about 4,000 supply management farmers, you're out

00:20:59.460 of it. You just don't have it. And the thing is that even some of the supply management farmers,

00:21:03.360 if you offered them, how about dairy industry, your corporate taxes, or even your personal income

00:21:08.540 taxes are halved. It's going to be halved, but the whole market's going to be opened up.

00:21:12.480 they probably not complain all that much. We believe that they produce an excellent product

00:21:19.660 and we don't accept the view that our farmers are getting unfair advantages over the United States.

00:21:30.140 If you look south of the border, they're the ones that are doing massive subsidies that create

00:21:35.000 enormous one-sided advantages in their favor. What do you call what we do? By the way,

00:21:41.680 pound for pound per capita yes they spend more on subsidies pound for pound per capita our direct

00:21:48.180 and indirect subsidies are more than the american subsidies are even if they had higher subsidies

00:21:54.540 just see how much higher their subsidies are than us even if it's not true and just say okay how about

00:22:00.200 it's an open market but if you have subsidized dairy in your country we will be putting on a

00:22:05.260 reciprocal tariff to deal with the fact that is unfair competition. Here's what a former MP told

00:22:12.220 me. Really, really smart guy, and I thought it was a great point. All the MPs, liberal, conservative,

00:22:20.020 Black Quebecois, who are freaked out about supply management ever going away because they live in

00:22:25.840 these rural ridings or ridings with big rural areas in them, and they have dairy farmers in

00:22:30.040 their ridings. There's only 4,000 supply management dairy farms in the area. Now, not in a riding. If

00:22:38.060 it was in a single riding, you had 4,000 families involved in supply management dairy. Yeah, you'd

00:22:42.520 be kind of screwed if you ever voted against it. A lot of these farms, a lot of these ridings have 0.79

00:22:47.560 more farmers who do different types of agricultural work than supply management. And then they have

00:22:53.160 suburban and urban areas attached to them. I was told the most supply management riding,

00:22:59.280 The riding with the highest degree of supply management voters in terms of the farms is the Beauce.

00:23:06.100 If you know anything about the Beauce, that used to be the riding of Monsieur Maxime Bernier, who was always against supply management.

00:23:13.640 He was a very flamboyantly libertarian MP, and then he became crazy when he became the PPC leader.

00:23:19.320 I don't even exactly mean the ideas were crazy. I just mean, like, just became a very, you know, wishy-washy, erratic populist who cared more about attacking conservatives than actually building a movement. I literally never go after anyone. I never shame anyone for starting their own party, for pushing their movement forward as best they can. I just thought he mismanaged it terribly.

00:23:41.040 This is the 2015 election, where the Liberals won their majority under Justin Trudeau.

00:23:47.480 Maxime Bernier increased his vote count by 8.17%.

00:23:51.940 He got 58.89% of the vote in an election where the Liberals won a majority of the seats.

00:23:58.120 Yes, he spent way more than the Liberal, but if the Liberal thought they could win,

00:24:01.520 they would have dumped money into the riding.

00:24:03.300 They can't beat him because guess what?

00:24:05.300 Because guess what?

00:24:06.000 Supply management doesn't matter.

00:24:07.260 It is the heaviest per capita riding for dairy farmers, and they still, there's no way that they could beat Maxime Bernier until he voluntarily became a PPC guy, and then he didn't try to win re-election, and the person who beat him was not a liberal, it was a conservative.

00:24:23.480 Was it a pro-supply management conservative? Sure, but the anti-supply management libertarian

00:24:28.480 conservative had been winning every election since 2004. This is not an issue, but conservatives

00:24:34.800 convince themselves that if they get a phone call, that if they talk about supply management,

00:24:39.140 all 15 farmers showed up to my office and they complained, that's probably half the supply

00:24:43.860 management farmers that exist. There are not many votes. There are less than probably a thousand

00:24:48.340 of them and their workers combined. I'm not saying throw people aside if they're not a big part of

00:24:53.700 the population. I'm saying supply management isn't good for the average person. It's not good

00:24:57.440 for the general public. And we can find a way to make it work for those farmers in the future

00:25:01.720 without subsidies, without trade restrictions, without market quotas and having a cartel system

00:25:07.900 where only certain people are involved. We can do that. But for some reason, we have a political

00:25:13.500 system where everyone is terrified of a very small number of voters who make life more expensive for

00:25:20.260 the average canadian the average canadian whose household makes less than 70 000 a year pays one

00:25:25.720 to one and a half percent of their household income every year just paying for the increased

00:25:30.220 costs on eggs dairy cheese poultry all that stuff like just not a very wide range of products products

00:25:38.700 that people buy a lot of course that the the increased cost on top of the base price of the

00:25:44.480 product is one to one and a half percent of those families yearly incomes that's insane simply to

00:25:51.540 keep this bloated system going these farmers could probably be making more money if we just had a

00:25:56.600 more free market and their taxes were a lot far lower i'm fine give a special tax rate to farmers

00:26:02.180 that's like a quarter of what the current one is if that matters so much to everybody else

00:26:07.860 But anyways, so we've got to move on to some other stuff.

00:26:11.020 Hopefully you like that little political lesson in what's going on here.

00:26:15.300 I do want to jump over, though, to Pierre Polly's press conference again, because he did make some good points about the ongoing trade negotiations, how Carney up to this point had basically completely kept him out of the loop of what's happening.

00:26:27.720 And if it's true, like we're hearing, that we're only getting slight reductions back to the original levels on these tariffs, that's pathetic that you were stiff-arming away the Conservatives.

00:26:38.340 Has the Prime Minister briefed you at all during these negotiations since the threat of Section 338 tariffs?

00:26:44.360 No. No, in fact, we're here, and I reiterate my offer. Conservatives have offered to help the Prime Minister since the very beginning.

00:26:54.720 I've done it numerous times in our phone calls. When I went to the United States of America,

00:26:59.600 I very clearly refused to criticize him on foreign soil. I briefed him on my visit and

00:27:06.620 my meetings with governors and other American leaders. But our MPs have reached out again and

00:27:15.720 again to the government to offer any help we can. Richard Bragdon here is the chair of the

00:27:20.900 Canada-U.S. Parliamentary Friendship Group. He's been continually offering his help, but Mr. Carney

00:27:27.400 has refused to have any help from anybody. But we still want to make sure that he keeps his word

00:27:34.220 and gets the great deal, the even better deal that he promised Canadians. Remember when

00:27:40.180 commentator hacked, including supposed conservatives, were saying that, you know,

00:27:45.400 here, Polyev should really be trying to be cooperative with the Liberal government rather 0.95

00:27:49.340 than being so oppositional where is the cooperation fred delori you said that it's that it's loser

00:27:55.680 talk to be constantly chipping away at the uh the prime minister and attacking him well where is the

00:28:01.780 cooperation from the other side you'll never have this be criticized despite the fact the deal looks

00:28:06.300 like it sucks you're never going to have any criticism that they should have been working with

00:28:09.980 pure polyev and jamil javani and shavloy majumdar who had far better ideas on how to get a good deal 0.56

00:28:16.060 you're just going to have them ignore it. You're going to have tons and tons of spin about how

00:28:19.540 this is really the best we could have all hoped for. Really, when you think about it,

00:28:23.300 he did as good of a job anyone could have expected. Kate Harrison on CTV News, I thought,

00:28:27.760 had a really good way of summing up how pathetic this whole thing is, because we should have made 0.53

00:28:31.960 probably a deal in June 2025. Okay, we didn't do it. We should have made it by Carney's two due 0.50

00:28:37.200 dates in mid-July and at the end of July 2025. Okay, we didn't do that. But in October, when

00:28:44.880 the 50% tariffs were coming in on steel, aluminum, and softwood, not just the 25% ones. By the way,

00:28:51.100 I do have to comment on the haircut and glasses of the woman in the middle. No shot, just, you 1.00

00:28:55.920 know, I think the camera angle is making her look weird. But we should have been making a deal back 0.99

00:29:01.800 in October, as Kate Harrison points out, because what has the waiting and the extra pain of

00:29:06.340 sitting under these tariffs actually gotten us? Kate, what do you think? I wish the Prime Minister

00:29:12.300 made himself more available to Canadians than the leader of the opposition, because we may

00:29:16.280 actually know a bit more about what's going on. I would expect Mr. Polyak to focus on transparency

00:29:22.440 and on wasted time. A lot of what we are discussing today, Marcia, was discussed back in October.

00:29:28.860 It is very, very hard to believe that we enter this new potential deal or negotiation in a better

00:29:36.300 position than we were last October. So again, what have Canadians given up in order to get a

00:29:42.360 temporary stay of execution? And what does it mean for the long term? The Prime Minister should make

00:29:47.440 himself available to answer that. Kate Harrison, Sabrina Grover, really appreciate it. Yeah, and

00:29:52.600 she's right, because the thing is not much seemingly has changed about what we were talking

00:29:56.980 about in October. If anything, it's far worse, because we're only getting slight reductions,

00:30:01.520 again because we blew a bunch of the leverage to just simply prevent the new 50 percent tariffs

00:30:06.880 were coming in and then the little we had left we could get back to the original you know early

00:30:11.840 2025 tariff rate that was so bad at the time it was the election issue so we are in such a we are

00:30:19.800 in such a this is such a great deal we are back into the position where Carney was pitching

00:30:24.860 himself as the guy you need to fix the problem it's like he was claiming that he's the world's

00:30:30.380 best plumber and he's going to be able to fix the leak and the leak gets worse. And then he makes

00:30:34.440 the leak. He basically fixes the problem to the point where the leak is as bad as when he

00:30:39.120 volunteered to fix the problem. And now he's claiming that he's, you know, he's doing very

00:30:42.560 good work. And I found it very curious that you don't see a lot of liberals out there right now

00:30:46.720 celebrating the deal. No gloating from Mark Gerritsen, to my knowledge, there's like one

00:30:53.360 MLA, sorry, one MP from the London area last night who had like quote tweeted Mark Carney

00:30:59.260 statements and said like you know success we've avoided the new 50 percent tariffs if that's what

00:31:05.020 you're gloating about that's what you're trying to market to canadians i don't think it's going

00:31:08.920 to work because the elbows up propaganda as you all know was very very strong you can't simply

00:31:14.880 tell people well you know this is good enough you should give mark carney a big slap on the back

00:31:19.080 that's not how it works but liberals like this guy are going to try and do it we were listening in

00:31:23.760 to some of that reaction why don't we start with what we heard from donald trump and minister

00:31:29.180 Dominic LeBlanc because there was as we've been discussing a little bit more alignment there

00:31:33.920 about finalization of a deal what did you make of those remarks well I mean first of all let's

00:31:41.220 take a step back here and to call this negotiate a negotiation is I think a total misnomer the

00:31:46.700 Americans have a gun to our head with these 50 tariffs on top of the other stuff they've been

00:31:50.960 throwing at us and uh this so-called negotiation is what we will do to have them remove the gun

00:31:58.100 from our head so right right at the beginning we're at a disadvantage uh they're not putting

00:32:03.340 anything on the table by the way the reason and that's a that's a very weird freeze frame right

00:32:08.560 there i might have to take a photo of that for my personal files i always find stuff like this funny

00:32:13.440 but like i'm sorry you can't say uh gun to our head it's so unfair i can't believe he's doing

00:32:19.940 this to us okay it's unfair the reason he can threaten us this way and we can't threaten him

00:32:25.100 back the same way is because we have become economically weak underneath the liberals they

00:32:30.480 can keep saying how great everything is under carny and look how look how many jobs we created

00:32:35.820 in july it's like guys we still have like the lowest or second lowest employment rate that

00:32:41.480 were the second highest unemployment rate in the g7 and i think we're competing with france for

00:32:46.980 the bottom slot and we're almost right there with them and it's france guys come on like sorry our

00:32:52.860 economy is not healthy. That is why these threats are so devastating to us. If we had a good economy,

00:32:58.580 if we were cutting taxes and our productivity was increasing domestically, we could maybe wait

00:33:03.380 Trump out until the midterms and then he might want to make a better deal. Or we would just have

00:33:07.200 more leverage to be able to use against them, that they really need us because they know that

00:33:10.760 they really can't kind of diminish us that quickly over time because our economy is doing pretty well

00:33:16.420 domestically, and yet hurts us, but it's going to hurt them more. Trump knows his tariffs hurt us

00:33:23.360 more than they hurt him, even though they do hurt himself, but that's the whole point of a tariff

00:33:27.240 fight. You're basically willing to shoot yourself in the foot knowing you're doing more damage to

00:33:31.260 your opponent, but if we had a healthy economy, that wouldn't be true. So them acting like, oh my

00:33:36.140 goodness, he was threatening us, so we had to do it. We only had to do it because we have a bad

00:33:39.780 liberal economy. And by the way, too, Carney signed up for this. We keep acting as if he was

00:33:44.820 like forced into it in like a shotgun wedding type scenario where we forced him to like go and

00:33:50.640 negotiate the deal he volunteered claiming he was the guy who could do it and it turns out

00:33:56.040 well shockingly he's not the guy other than perhaps removing this gun from our head so i think it's

00:34:02.460 important to keep that in mind and i think it's also important to um to to to realize how that

00:34:07.900 that's kind of sets the parameters of the difficult job that uh prime minister carney has here it's

00:34:14.300 not that difficult is it so difficult that you are unable to give him concessions for nothing

00:34:21.360 that's just something he had to do because that's something that I'll always point back to DST

00:34:26.180 streaming tax our other reciprocal tariff some of the things that we're doing on autos

00:34:30.180 as well as the Gordie Howe bridge there's probably other stuff too under the table that we don't know

00:34:34.280 about yet what did this all did this all have to be given to him for free because we were complaining

00:34:39.980 oh my goodness Jameson Greer's not giving us any credit for that stuff yes because you gave it to

00:34:43.520 them for free if you give someone something for free and then you come back next week say actually

00:34:48.560 i want a hundred dollars for that they they are in their rights to say pack sand and i'm sorry

00:34:53.440 they're not our friend at the negotiating tables on the world stage they are a close ally and friend

00:34:59.280 at the negotiating table where they from their own perspective even if i think the tariff thing

00:35:04.320 is misguided and silly they are negotiating for their people and so once you're at the negotiating

00:35:10.220 cable. It's only Canada and the U.S. It's not Canada and the U.S. versus the world. They are 0.98

00:35:14.800 being going to be a bit aggressive. They're going to be a bit hostile trying to get everything that

00:35:18.720 they want. Of course, they're going to take everything. Would Trump, would Carney, if Trump

00:35:22.920 offered him things for free, would he have just taken it and then given him, but then also giving

00:35:27.620 him the world in return? Obviously not. Carney was the one who did that. So I hate this difficult

00:35:32.600 job rhetoric. He pretended like, yeah, it's a tough job, but he's the man to do it. Well, he's not

00:35:38.040 doing it and how there's no job so difficult that you just give things away for free for no reason 0.93

00:35:44.240 that was his own choice for simply buying time one of the dumbest things you could do because

00:35:49.060 time doesn't get us anything uh this is not about a win-win deal uh this might be kind of less pain

00:35:55.560 deal for canada but a lot will depend on the details and well you know what are we giving up

00:36:00.480 in the process and i think uh you know there's a vacuum certainly on the canadian side in terms of

00:36:06.100 discussion of this and that's i guess understandable given the the um state of these talks but with

00:36:12.540 donald trump there's never a vacuum on the other side uh there might be vacuous but there's no

00:36:17.480 vacuum there's blah blah bloviating and he kind of lets everything out and he defines the debate

00:36:24.220 that we then have to react to so it's not a clean situation that the prime minister is going to be

00:36:29.360 dealing i hate i hate this helpless rhetoric that we're just helpless in the face of trump and

00:36:34.040 Whatever he says, that's just kind of how the terms are going to go.

00:36:37.320 Yeah, are they the more powerful country?

00:36:39.080 Sure, in part economically because they have better domestic economic policy.

00:36:43.880 But again, Mark Carney is not a helpless bunny.

00:36:46.740 He can do his own thing.

00:36:48.780 But again, he's not very good at this.

00:36:51.240 He lied on his resume in order to get this job.

00:36:54.700 That is the problem that we all have. 1.00

00:36:57.000 I want to jump over to another statement that I saw the other day that I thought was so stupid, 0.99

00:37:02.560 I just needed to highlight it. 0.95

00:37:04.040 From this guy, Mark Levesque, former chief economist at the Public Sector Penchman Investment Board or whatever, reading his bio on Twitter just to give a little bit of background.

00:37:15.460 And this was before the deal was announced yesterday. 0.97

00:37:17.920 I just thought this was so stupid I had to comment on it. 0.95

00:37:20.060 He said, CPC partisans and influencers blaming Carney instead of Trump and occasionally backing the U.S. against Canada on trade and Kuzma is really twisted and tells you a lot about their version of the party. 0.99

00:37:34.040 Harper contained the yahoos, Polyev gives them free reign. 0.91

00:37:38.460 Well, did Harper, like, crack down on, like, people who are writing opinion articles at newspapers? 0.97

00:37:43.760 Like, the influencers or content creators are obviously not in pure Polyev's control.

00:37:47.920 They're not part of the party.

00:37:49.100 And nobody's ever taken Trump's side.

00:37:52.300 We've always been arguing on how to get a better deal for Canada.

00:37:57.040 We have argued against the elbows-up stuff, not because we're not patriotic, 0.99

00:38:00.700 because it's stupid and it doesn't get us anywhere. 0.93

00:38:02.840 And I thought this interaction with Roman Fischer was quite interesting, because even though I often don't agree with Roman Fischer, I thought he made some good points against Mark Levesque here. 0.99

00:38:13.020 He says,

00:38:14.060 Carney promised something which it appears he cannot deliver. For that, he can be blamed.

00:38:20.100 Mark Levesque says,

00:38:21.820 If you wish, but that's a rather minor issue in the big picture now, isn't it?

00:38:26.100 Especially that I highly doubt that anyone could have been able to deliver it if you believe otherwise.

00:38:30.580 Please explain who and how.

00:38:32.020 he's contradicting himself if he's saying that it could never have been done he should have never

00:38:36.780 promised it which was roman fisher's point stop saying you are the trump whisperer and you've

00:38:41.380 dealt with them before and you're going to get a great deal for canadians if you knew that was

00:38:45.240 never possible and by the way the way mark levesse or sorry the way that mark carney had been defining

00:38:51.160 great deal is that there's not going to be tariffs in place that we're not going to accept a large

00:38:55.520 american tariff still in place once a deal is signed but that looks like what's going to happen

00:39:00.500 He then says, by the way, just to clarify, I've really had it with the CPC partisan narrative on this.

00:39:06.160 Trump is trying to destroy us.

00:39:07.920 We should be standing up for our country and supporting our negotiating team, not trying to score cheap political points.

00:39:13.020 Sorry, what is it that we can do at home?

00:39:15.700 The audience watching the television show at home, what can we do?

00:39:19.680 Are we supposed to clap along with the Care Bears or really believe in Tinkerbell and somehow our trade negotiating team is going to do better?

00:39:26.700 or is constructive critique actually potentially a good idea in this case telling the liberals

00:39:33.080 please put supply management on the table please make the deal earlier so the american companies

00:39:39.200 can't get used to the tariffs and are complaining less at trump because that's what happens when you

00:39:43.440 wait longer the side who's better able to deal with the pain gets used to the pain faster and

00:39:49.060 their people are less jumpy to negotiate we should have been doing it earlier we should have been

00:39:53.840 willing to put certain things on the table with the condition that we are going to get something

00:39:58.020 substantial back in return the longer we've waited the worse the problems have gotten and less

00:40:02.860 leverage we've had so the leverage has bought us less off of a problem that is now worse than it 0.90

00:40:07.760 was a year ago and so but anyways i hate this whole dumb idea that somehow like us critiquing

00:40:14.680 us criticizing is like hurting the negotiating team as if like jameson greer is in the room with

00:40:20.640 like Dominic LeBlanc and and uh whatever our Janice Janice Charette or whatever and he just

00:40:26.680 picks up his phone and like shows them one of my videos I'm like hey this guy doesn't like you

00:40:30.360 and then they're like oh my goodness I can't believe why Claypool doesn't like us I can't

00:40:35.580 even negotiate anymore knowing that Mr. Claypool doesn't like the way I'm negotiating it's like

00:40:40.340 what what kind of isn't Mark Levesque supposed to have been somebody who had like some amount of

00:40:46.000 like cachet back in the day like this is such lazy thinking but roman fisher in a longer response

00:40:51.000 here says should carney not be held to his campaign promises if not by the opposition

00:40:57.340 then who else did the cpc support our national interests of course but that's not done by

00:41:03.040 abdicating the responsibility of holding our government to account at the same time

00:41:06.720 the cpc ought to push the government to achieve the best deal for canadians carney used his status

00:41:12.200 as an influential central bank economist to convince Canadians he was a deal-making expert

00:41:17.440 who would be able to save the economy. He accused the CPC of wanting to capitulate and allow for an

00:41:22.700 American annexation. Now the CPC are supposed to be cheerleaders, even when he makes unilateral

00:41:28.140 concessions and fails to live up to his promises? That's not how our system works. I have my share

00:41:33.400 of critiques for the CPC leadership, but bandwagoning whatever Carney does on the U.S.

00:41:38.180 is just not responsible absolutely 10 out of 10 response from roman fisher and it's kind of funny

00:41:44.080 because i find sometimes he has problems with things that uh that poly of is doing uh that's

00:41:49.480 kind of contradictory by the way he's talking to mark now but i find some of the anti-poly of

00:41:53.480 faction of like the new right guys are kind of realizing that those jabs they were taking at

00:41:58.620 poly of were not productive at all like anthony coach recently wrote an article at the national

00:42:02.960 post saying why they would be a disaster to remove pure poly of his leader and it's like agreed i

00:42:08.960 agree uh that's weird because you were chipping away at him for like the last three or four months

00:42:13.420 with like what i would call fairly unfair attacks uh things that it really wasn't pure poly's fault

00:42:19.140 or why would a new leader really change that problem would it would anything get better and

00:42:23.900 that's effectively what anthony kosh argued things will not get better if we swap him out i'm like

00:42:28.420 thanks for catching up to where i'm at but you know i'm happy to see they're on board now

00:42:33.100 mark levesque responds to roman fisher and says what if his campaign promises are unachievable

00:42:38.620 in the form in that form because the demented madman down south has decided he wants to get us 0.80

00:42:43.680 on our knees you can't keep going back to trump's crazy if you were our carney promised he was going 0.95

00:42:50.320 to deal with the supposed madman so you can't keep saying well he's mad well then mark carney's 0.71

00:42:54.840 mad for saying he was going to be able to negotiate with the madman like the logic is not

00:42:59.820 logicking for mark levesque he then says context matters and context can be changed yes the context

00:43:06.380 can the context did not change that he's dealing with trump and the context does matter because

00:43:11.640 this is the promise carney made to deal with trump because he's dealt with him before and as things

00:43:17.260 are looking right now he did not deal with him in fact he's basically capitulated in the way that

00:43:22.300 that the carney liberals were pretending the poly of conservatives would and he then sorry i i have 0.88

00:43:28.640 to keep pausing reading this because it's so stupid last sentence here last couple sentences 0.95

00:43:33.580 he says i have no issue with the cbc holding carney to account i do have an issue with apparently he 0.94

00:43:39.540 started listing stuff i don't care to read the rest of it roman fisher just says if that's the

00:43:43.420 case maybe they shouldn't have lied to canadians about what was to come it's not like we didn't

00:43:47.940 know last april that trump wanted to do to do to do our economy and what levers he had to achieve

00:43:53.540 that goal carney told canadians that come hell or high water he would get a good deal for canadians

00:43:58.680 and diversify our economy so as to mitigate future risk southern ontario is about to go through a

00:44:04.880 cape breton style de-industrialization if these new tariffs aren't thwarted carney expressly stated

00:44:10.440 he wouldn't let such things come to pass and then oh my goodness i'm just going to end this thread

00:44:14.980 because obviously Mark Levesque is just not getting it but Roman Fisher is absolutely right

00:44:19.620 and even now under the lower aluminum and steel tariffs we're probably going to have a really big

00:44:25.880 problem with de-industrialization because you can't just say well it went from 50 to 25 shouldn't it

00:44:31.180 be easier to deal with them the only reason people were dealing with it was because they were holding 0.51

00:44:36.120 out hope that they were going to go to zero again or go close to zero I believe the the tariff on

00:44:42.960 Canadian cars before this was like 6.5% or something like that. If we brought it down to

00:44:48.340 maybe 7% on autos or 10%, maybe we'd be able to deal with that. The problem is we were holding

00:44:54.180 out hope that it was going to go to zero. 25% is not acceptable to the car industry, to the auto

00:45:01.300 sector. They were only holding on because of hope it was going to go to zero and subsidies that they

00:45:06.980 were receiving. And that goes doubly for aluminum and steel and softwood. And it seems like

00:45:12.660 the softwood and autos may have not been dealt with at all in this particular deal that's been

00:45:20.500 signed because we will not touch things like supply management. But anyway, so that should

00:45:26.320 be it for this video, guys. Hopefully this was an informative rant on the current state of trade

00:45:31.160 policy. Maybe something's going to leak out later and I'm going to reverse myself and say Mark

00:45:36.140 Carney's a genius. I can't believe he engineered such an amazing deal. But the liberal's not

00:45:41.480 gloating about it. Not seeing Mark Gerritsen gloating about what's been signed tells me that

00:45:47.280 it's not great. And now Mark Carney gets to convince provinces that have the booze bans in

00:45:52.880 place to get rid of them for a deal that's not fantastic. Maybe Quebec will sign on now because

00:45:58.960 lower, there's, you know, there's low, they're not touching supply management anymore,

00:46:02.660 but they do a lot in terms of steel and aluminum. And what are they now going to do when it comes to

00:46:08.540 like are they going to take the booze off and put the booze back on the shelves having just avoided

00:46:13.340 like having gone back to early 2025 tariff levels that again were deemed so bad it was the election

00:46:20.040 issue of that federal election i don't think so or at least they shouldn't if they're not

00:46:26.680 complete hypocrites but whatever with all that being said thank you guys for watching of course

00:46:31.900 make sure to like share subscribe leave a comment consider hitting the join button and i'll see you

00:46:38.120 guys all later.

The National Telegraph - Wyatt Claypool - August 19, 2026

Carney Is A Fraud - Trump Trade Deal is Hot Garbage for Canada!

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