The National Telegraph - Wyatt Claypool - June 30, 2025


Carney Loses - Trump forces Liberals to rescind tax for trade deal

Topics
Canada rescinding digital services tax
Hosted by
Wyatt Claypool
Mentioned
Mark Carney Donald Trump Laura Babcock Sylvain Charlebois Bill C-63 Josh Peter Ratcliffe Sam Harris Charlie Angus Don Davies Joe Biden Nickelback Cotton Dude
Carney SCREWED Up trade talk with Trump! Liberals are happy Liberals pretend Carney wasn't embarrassed by Trump on Trade Deal (DST)

Episode Stats


Length

18 minutes

Words per minute

183.74

Word count

3,398

Sentence count

294

Harmful content

Toxicity

10

sentences flagged

Hate speech

3

sentences flagged


Summary

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

It's a rough world out there, and sometimes you don't know what's going to happen until you're in the middle of it all. Canada is the country where nothing ever happens. In Canada, everything will eventually reset towards the mean. Today, we're talking about the Canadian government's decision to back away from Donald Trump's Digital Services Tax.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Hey guys, Wyatt Claypool here.
00:00:03.120 Canada is truly the country where nothing ever happens.
00:00:07.900 In Canada, everything will eventually reset towards the mean.
00:00:12.400 Eventually, we will all be listening to Nickelback again because that is where Canada's heart is.
00:00:18.040 And Mark Carney and his liberal government held out against Donald Trump for about 72 hours.
00:00:24.260 After Donald Trump ended trade talks over the digital services tax being implemented in Canada,
00:00:30.000 there was all these liberal supporters online praising Mark Carney for standing strong against Trump.
00:00:35.740 We don't need the Americans was a lot of people's cry.
00:00:38.900 And now they're saying, what a savvy move by Mark Carney to cave to Donald Trump for the good of Canada.
00:00:44.700 I love watching liberal supporters ride the roller coaster of trying to find a justification
00:00:51.160 for why everything Mark Carney does is super intelligent and strategic,
00:00:55.580 even if it's literally just him making a decision and then going back on that decision
00:01:00.320 and then going back on it again.
00:01:02.200 Again, we always reset towards the mean in Canadian politics.
00:01:07.060 But let's get into the meat of this issue.
00:01:08.880 I find it hilarious.
00:01:09.920 I'm going to read the government's website and I want to go through a lot of liberal reactions.
00:01:13.460 But before I get into it, guys, hey, if you like this show, make sure to give a like on the video,
00:01:19.220 subscribe to the channel if you are not yet a subscriber,
00:01:21.800 and leave a comment on what you think about the situation.
00:01:26.120 So here is the government's website.
00:01:28.380 This was released late last night, around seven o'clock, I noticed at Eastern time,
00:01:32.820 since I'm currently in Toronto.
00:01:34.780 And it says Canada rescinds digital services tax to advance broader trade negotiations
00:01:39.280 with the United States.
00:01:41.640 Now, I'm not going to read a lot of this because it kind of does just go on about nothing.
00:01:45.480 But I love that it has this kind of like slightly strategic sound to it.
00:01:52.260 It should just say, we're sorry, we rescind the tax because this tax, Donald Trump is right about it.
00:01:57.480 And by the way, Joe Biden was right about it.
00:01:59.880 It was the Democratic administration who was complaining about this tax last year when it was first being passed.
00:02:05.360 It only got implemented this year.
00:02:06.580 And by the way, was going to retroactively tax firms 3% up to the back to the year 2022 is a tariff against American tech firms,
00:02:16.280 because it is a basically 3% revenue tax on tech firms.
00:02:21.520 How many big Canadian tech firms are there?
00:02:23.580 One, Shopify.
00:02:25.040 This is mostly going to be taking money from Google, Apple, Amazon, and other services like that.
00:02:30.680 And so, rightfully so, the Americans, both Democrats and Donald Trump, if Kamala Harris was president right now,
00:02:37.260 she would be complaining about it too.
00:02:39.140 They saw this as obviously a tariff on them. 1.00
00:02:41.960 It was a very stupid thing to do in the middle of negotiations. 0.99
00:02:45.120 So Trump rightfully pulled out. 1.00
00:02:47.020 I'm not an unpatriotic Canadian for saying that.
00:02:49.400 If you go and wax on the nose, they might get a little mad at you.
00:02:52.740 Oh, but Trump put tariffs on us.
00:02:54.460 Okay, I don't like that.
00:02:55.680 We also have had tariffs on them for decades with our supply management system, like the dairy tariffs, the milk tariffs, chicken, all that stuff.
00:03:06.560 It's very hard to trade into Canada compared to trading from Canada into the United States.
00:03:12.540 Frankly, it's hard to trade into certain provinces if you aren't on the special list where you're allowed to produce as much milk as you want.
00:03:19.920 If you're in Alberta, if you produce milk and you sell it, you could go to prison.
00:03:22.620 That happened recently, happened with people selling eggs too.
00:03:26.400 But here it says, June 29, 2025, Ontario, Department of Finance, Canada.
00:03:33.000 Canada's new government, it's really just the old government continuing,
00:03:36.280 but Canada's new government is engaged in complex negotiations on an economic and security partnership with the United States,
00:03:44.160 focusing on getting the best deal for Canadian workers and businesses.
00:03:46.980 Prime Minister Carney has been clear that Canada will take as long as necessary, but no longer to achieve that deal.
00:03:55.720 And then it goes on to say, basically, we're getting rid of the digital services tax.
00:03:59.380 It's hilarious.
00:04:00.920 And then we're going to try and reach a trade agreement on the 21st.
00:04:04.660 Complex negotiations are going on, guys.
00:04:06.640 These are complex.
00:04:07.820 It's a rough and tumble world out there.
00:04:09.620 You don't know what's going to happen.
00:04:10.600 Sometimes life hits you from the side, and sometimes you punch your trade partner with a tax in the middle of negotiations
00:04:16.980 where we're supposed to be lowering tariffs on both sides, and they get pissed.
00:04:20.400 Who could have seen that coming?
00:04:23.600 Oh, my goodness.
00:04:24.280 Put me in, coach.
00:04:26.060 I can do better than these people.
00:04:27.580 Any of you could do better than these people. 1.00
00:04:29.820 Anyone, the dumbest person you meet in a day could do better than this. 1.00
00:04:34.440 But we've somehow found even dumber to put in our government to mess up trade negotiations. 0.99
00:04:40.460 It was so bad that at the same time Mark Carney passed the DST, he was implementing it.
00:04:45.400 He then went to Europe and said, do you guys want out of the DST?
00:04:48.740 We will sign a trade agreement on digital products so that you guys can make an end run around it.
00:04:54.000 Yeah, that wasn't going to take off the Americans even more, that we were implementing a tax and then immediately giving the Europeans an out of it. 0.66
00:05:00.780 Because, again, it was just an tax on Americans.
00:05:03.280 But now, I want to get over to some of the reaction online.
00:05:08.080 I called this yesterday when it happened.
00:05:10.780 I saw that it was rescinded like an hour after it had happened.
00:05:14.280 And I said, nothing ever happens.
00:05:16.560 And the liberal voters will claim this is a bold move by Mark Carney after cheering him for implementing it a few days ago.
00:05:22.940 And I did like that.
00:05:23.880 I actually saw some Conservative Party MPs like that tweet because it's absolutely true. 0.76
00:05:28.880 I want to find some of the people who are now already saying that this was a bold move, a bold strategy, Cotton.
00:05:36.200 Let's see how it works out for them.
00:05:38.380 I like this.
00:05:39.500 I love this tweet right here.
00:05:40.660 I'm going to go through a few of these where it's someone's tweet from yesterday and then it's their tweet today.
00:05:46.440 So, we have this guy, Peter Ratcliffe, forever Canadian.
00:05:50.440 He says, frankly, I am very proud to have Mark J. Carney running things for Canada while Donald Trump is chief authoritarian on the unstable states.
00:06:00.180 I don't want our enemies to like our leaders.
00:06:02.880 I demand that they respect Canada and respect our prime minister.
00:06:06.720 The U.S. declares Canada as enemies.
00:06:11.080 Okay.
00:06:11.720 Well, okay.
00:06:12.540 How did that work out?
00:06:13.680 How did that work out?
00:06:14.900 This was five hours ago.
00:06:16.100 So, the other one was yesterday at like 5 p.m.
00:06:18.780 Or like yesterday at like 5 a.m.
00:06:20.300 It was something, sometime like that.
00:06:22.020 And he said, before the DST was rescinded.
00:06:24.880 Now he says, Canada, the toughest, smartest, kindest, most civilized, 40 million people, country that the U.S. will just never own.
00:06:32.800 If, like, or it's the toughest, like, toughest, smartest, kindest, most civilized, 40 million people, country that the U.S. will never, just never own.
00:06:41.620 I don't even know what he's trying to say there.
00:06:43.360 If Canada decides to live without U.S. trade or tough enough to survive and then thrive, but the U.S. is basically screwed.
00:06:50.840 You don't even see our cards.
00:06:53.000 Dude, he tweeted this after Canada caved.
00:06:57.760 Dude, we caved and these people are still tweeting.
00:07:01.160 I mean, we're not owned.
00:07:03.460 We're not owned.
00:07:04.280 We could still do it ourselves.
00:07:06.080 We're just going to trade with the U.S. temporarily?
00:07:09.360 Just a temporary measure.
00:07:11.200 This is like, and I like Canada.
00:07:13.540 I'm a patriotic Canadian.
00:07:14.860 Look at my pin right here.
00:07:16.620 Which side side?
00:07:17.840 Look at my pin.
00:07:18.640 I have a patriotic Canadian pin.
00:07:20.660 I want Canada to be per capita wealthier than the United States.
00:07:24.320 I'd love for Canada to become an even more powerful country.
00:07:27.860 I want us to be not the bomb or the barrel of the G7.
00:07:30.360 I want us to be the absolute top.
00:07:32.800 At the same time, this entire thing from the liberals and their supporters comes across like someone moving back in with their mother and then saying, I'm only doing this until I get my feet, you know, until I basically get myself up off the ground.
00:07:47.700 I'm just going to be here temporarily.
00:07:49.540 And then they're like still living with you like years later and they still haven't gotten jobs like just until just until we get steady as a country.
00:07:57.620 We'll keep we'll keep trading with the United States.
00:07:59.500 Then I swear I'm going to go and I'm going to go to Hollywood and pursue my dreams.
00:08:05.680 You can't tell me what to do, dad. 1.00
00:08:07.240 And then like Trump's like, go, idiot. 1.00
00:08:09.420 Are you like or pay me rent? 1.00
00:08:10.880 And then we eventually we come back and like, you know, we make up.
00:08:14.220 We apologize.
00:08:14.860 But we say, hey, I can still I can still I can still leave whenever I want.
00:08:18.600 And he's like, sure, you can kid.
00:08:20.340 OK, cool.
00:08:22.120 But now I got to get to some other stuff here.
00:08:26.140 I like this one.
00:08:28.680 I just saying I'm trying to find if there's another one.
00:08:31.880 OK.
00:08:32.460 Oh, there is.
00:08:33.460 I love it.
00:08:34.220 OK, so this is 15 hours ago.
00:08:37.960 This was before the DST was rescinded.
00:08:42.600 There's this account.
00:08:43.900 It's called Gator Gum.
00:08:45.280 Yeah, it's kind of a not like anonymous account.
00:08:48.080 But these people have this person has sixteen hundred likes, two hundred six, eighty six retweets.
00:08:54.060 There are a lot of liberals who agree with this.
00:08:57.040 Most of them are too embarrassed to tweet this stuff out themselves.
00:08:59.080 So they just like this person's tweets.
00:09:00.720 But this person said 15 hours ago, perhaps Carney is in no hurry to sign a deal with Trump because he knows full well signing a deals with a con man means absolutely nothing.
00:09:11.500 So far, Trump has refused to honor his existing trade deals.
00:09:15.140 So signing with him is essentially meaningless.
00:09:17.660 Trump has removed all honor and prestige from the presidency.
00:09:21.200 OK, so let's go to just nine hours ago now.
00:09:25.920 And so this person now coming from like this, this sounds like a North Korean newscast.
00:09:33.440 Now they're saying, so Carney has decided to pull the DST for now.
00:09:37.440 OK, very intelligent move there.
00:09:39.140 Seems like a good move.
00:09:40.860 Are part of the negotiations by the looks of things.
00:09:44.500 Wonder if it was red was a red herring.
00:09:47.500 It will be interesting to watch all the people against the tax suddenly think this was a bad move.
00:09:52.720 Get ready for the flip.
00:09:53.740 No, no, no, it's a it was a bad tax.
00:09:59.460 Then it's a bad tax.
00:10:01.800 Now, the thing is that they assume that you're as intellectually inconsistent as they are.
00:10:07.480 So they think that while they're flip flopping, you're going to flip flop, too.
00:10:11.180 No, we're still standing over here pointing and laughing.
00:10:15.680 That's what's happening.
00:10:17.400 One person didn't like that the tax was taken away, but it is predictable.
00:10:21.180 Actually, it's probably even a good move for them to be saying stuff like this.
00:10:26.040 But the NDP leader Don Davies came out against the government removing the tax.
00:10:30.760 But it's because the NDP is not a serious party.
00:10:33.700 So it's allowed to be unhinged about basically wanting to fight the U.S. over everything.
00:10:39.380 So Don Davies says negotiation, negotiating with Donald Trump is not easy.
00:10:43.360 That's clear.
00:10:43.940 But we're sending the DST is pure caving into Trump and his billionaire friends.
00:10:49.200 Canada is a sovereign country with the right to make our own tax laws.
00:10:52.880 Abandoning fair taxation of tech giants is unacceptable, unacceptable appeasement.
00:10:57.580 What do they mean by fair taxation of tech giants?
00:11:00.800 It's a tax that applies to, by the way, all tech service companies.
00:11:05.020 And it's not like we're trying to equalize it because everyone else has been paying a 3% higher income tax rate than everyone else.
00:11:11.380 No, no, they're paying 3% more than everyone else's.
00:11:14.740 That's not fair.
00:11:16.180 That's literally the opposite of fair.
00:11:18.400 That is not equal.
00:11:19.820 They are paying more.
00:11:21.040 And by the way, 3% is a lot.
00:11:22.660 I mentioned this in yesterday's video.
00:11:25.820 Mark Carney was pretending like it was a really big substantial tax reduction for him to propose during the election a 1% tax reduction under $50,000.
00:11:35.840 A bracket where you're not even paying taxes on the first $18,000, that's tax exempt.
00:11:41.020 So he's going to give us a 1% rate reduction on our taxes or under $50,000, which only really applies to $32,000 of money.
00:11:50.680 That was considered really a big deal.
00:11:53.220 But it wasn't a big deal when he wanted to put a 3% revenue, like an income tax, higher corporate taxes on tech firms on all of their income.
00:12:02.700 It's not like after $100 million, they had to pay an extra three.
00:12:07.480 They pay an extra three on all of it, and that was considered no big deal.
00:12:11.120 But the NDP are not, are socialists, so they think it's totally cool.
00:12:14.980 They think just taxing anyone who's successful is equals fair.
00:12:19.020 It's ergo fair because the person's successful.
00:12:22.520 But Don Davies adds, added to liberal concessions on Golden Dome, NATO 5%, and Bill C-2 violations of Canadians' privacy rights.
00:12:31.200 And it looks looking more and more like Mr. Carney has his elbows up during the pregame skate, only to drop them once the game started.
00:12:38.280 I can agree with that.
00:12:40.680 I disagree with his perspective on those particular policies.
00:12:44.800 Bill C-2 wasn't great, but there's some good elements of it, but there's some really bad elements of it, like just reading random Canadians' mail.
00:12:51.460 It's good that they're cracking down on certain elements of money laundering and certain elements of fentanyl dealing, but then it goes a bit too far.
00:12:58.500 So I disagree with Don Davies overall when it comes to those policies, but he is right that, yeah, the liberals keep doing this sort of elbows-up, elbows-down game like they're doing the funky chicken.
00:13:10.960 I love stuff like this, seeing retroactively posts like this from this Roddy person that you guys see a lot. 1.00
00:13:18.280 Again, a big account.
00:13:19.680 This tweet alone, 3,600 likes.
00:13:22.920 Roddy, excellent news.
00:13:24.240 Carney stood up for Canada.
00:13:25.380 He didn't roll over like all said he did.
00:13:30.520 Roddy, if you're listening to this, imagine that this is your moment.
00:13:34.720 For just this moment, and this moment can feel like it lasts an eternity.
00:13:38.640 For this moment, Mark Carney still has not caved, and you're still living in nirvana, believing that Mark Carney is going to stand there holding you tight,
00:13:47.920 making sure that he's not going to get rid of the digital services tax.
00:13:50.980 Because for some reason, it makes you feel better to have a digital services tax, despite the fact that you're going to pay a higher price.
00:13:57.420 But whatever, it's your moment, Roddy.
00:13:59.640 You get to have it.
00:14:00.880 You get to have Mark Carney still the strong superhero that you think he is.
00:14:05.360 Now, guys, let's move over to my favorite person on the planet, with no exaggeration.
00:14:11.920 That is Laura Babcock.
00:14:13.480 This is what she uploaded this morning against the United States, right after this whole debacle took place.
00:14:19.780 So she's talking about all the American-owned media and how it's undermining Canada,
00:14:25.940 because it's fine that the CBC is owned by the government.
00:14:30.420 That doesn't influence their views.
00:14:32.180 But because the National Post and some of these have American ownership or partial American ownership,
00:14:36.680 this means that they're fully mega newspapers.
00:14:38.180 I want people to understand that we're not talking about it enough in the mainstream media here in Canada.
00:14:45.580 When we have an actual threat on our border, there's a lot of American-owned media that is never going to let their foot off the gas.
00:14:53.040 So we really need our Canadian-owned media to get in the game.
00:14:57.460 Wherever I go, I get a sense that Canadians get it.
00:15:00.440 Certainly, as you point out, our mainstream media completely uninterested.
00:15:05.300 Another yawn, another roll of the eyes.
00:15:07.160 I mean, part of it, I think, is, you know, if you're a paid pundit in Canada,
00:15:10.940 you have to have that world-weary cynicism that you've seen it all before, and nothing surprises you.
00:15:15.500 Well, nobody's seen this before.
00:15:18.260 I wish that we all had the worldview of the washed-up hippie Charlie Angus.
00:15:23.440 But the entire time, they're like, Laura Babcock is like, actually, when she gets going,
00:15:28.140 she actually starts rocking back and forth in her chair, and her eyes start bobbing up and down.
00:15:32.440 But I feel like I'm watching an origin story for a supervillain who's, like, about to break out or something like that.
00:15:38.520 Like, sitting in an asylum, waiting for their moment to slip through the bars and go on a rampage.
00:15:42.860 I've said it before, one of history's greatest villains is whoever hides Laura Babcock's lithium from her.
00:15:51.020 Oh, my goodness.
00:15:52.920 I think this is a good thing to end on.
00:15:56.560 This is a positive comment by the food professor who's great, Sylvian Charlebois, which is a fantastic name to say.
00:16:03.420 I feel like I'm a three-musketeer if I say that name.
00:16:06.220 So Sylvian Charlebois here says, in case you're keeping score, Mark Carney has been prime minister for over 100 days.
00:16:13.020 And since then, tariffs with the U.S. have gone up, not down, just saying.
00:16:18.840 And he's absolutely right.
00:16:20.000 Do you know why?
00:16:21.000 Because he's very weak.
00:16:22.720 Mark Carney is not a good negotiator.
00:16:24.780 That's why we're currently in the situation we're in.
00:16:26.500 We could have saved so much money by signing a deal ASAP, by dropping the supply management system, or at least weakening it, slowly ramping it down, letting those farmers who currently are surviving because of their subsidized prices, let them figure out how to actually operate like any other farmer does, you know, actually creating efficient goods and selling them at, like, prices that are competitive.
00:16:48.460 Again, Alberta farmers want to produce milk, but you'll get arrested if you try to because Quebec farmers and Ontario farmers are the ones who are allowed to produce.
00:16:56.860 That's how insane Canada is.
00:16:58.500 We could slowly ratchet it down, let those people figure it out. 0.92
00:17:01.280 We would be so much better for it.
00:17:03.040 Even if we just got some of supply management sans getting a deal with the U.S., we would still be better for it because, guess what?
00:17:09.260 We wouldn't have, like, high prices anymore in the grocery store for basic goods.
00:17:14.300 But anyways, that should be it for me today, guys.
00:17:16.940 So, again, reminder, like this video, subscribe to the channel, leave a comment, do all that stuff.
00:17:22.300 Actually, my light over here just given out all the power.
00:17:25.620 By the way, if you go check out Josh's channel, The Elevate Podcast, you will suspiciously notice that what he uploads today also has this painting in the background.
00:17:35.200 It's because we were at a conference together, and he didn't have his recording equipment, so then he ended up using mine, and mine's failing on me now because Josh used all the juice in my lights, and now they're turning off.
00:17:46.940 I'm going to have to get that guy, even though I was the one who let him use it, and I was the one who failed to charge it.
00:17:52.540 But never you mind.
00:17:53.780 That's a completely – that's a different issue.
00:17:56.720 My faults are actually his faults.
00:17:58.980 That's what I'm trying to say here.
00:18:00.600 See you guys later.
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