The National Telegraph - Wyatt Claypool - Carney MAD at reporter calling him out for flip-flopping on Trump

00:00:00.000 Hey guys, Wyatt Claypool here. I need to show you a hilarious clip from a press conference today

00:00:06.700 with Prime Minister Mark Carney, where it is clear he is not adjusting very well to his new

00:00:13.400 elbows-down lifestyle. Carney and the Liberals know the only reason they won the federal election

00:00:19.420 back in April was because of the elbows-up campaign. Canadian anti-American sentiments

00:00:25.580 were very high, and the Liberals were sleazy enough to exploit it in the way that they did,

00:00:31.320 saying that our relationship with the Americans are over, and we're going to go trade with Europe

00:00:36.640 and Asia, and we're just going to ignore the U.S. And it turns out reality eventually caught up with

00:00:42.360 the Liberals, and now they need to be nice with U.S. President Donald Trump and the Americans.

00:00:47.980 And they know that one of their only big issues in the last election was how anti-Trump they were.

00:00:54.120 The other day on the show, we went over the top nine issues according to Canadians in a recent

00:01:00.260 abacus data poll, and only two of the nine pulled better for the Liberals than they did for the

00:01:06.400 Conservatives. Things like cost of living, crime, immigration, housing, even health care leans

00:01:13.860 Conservative either mildly or massively. On things like immigration and crime, the Conservatives lead

00:01:20.400 the Liberals on who Canadians trust with it by 50 points. It's insane. The only thing the Liberals

00:01:27.180 had going for them were single-issue anti-Trump voters, but that issue is currently fading in

00:01:32.500 its relevance, and now the Liberals are basically having to put a bullet in its head by now bear-hugging

00:01:37.920 the U.S. to try and repair the relationship that they had been messing up. And yes, did the Americans

00:01:43.380 put tariffs on us and was that bad, and should we be upset about it in some part, even though we

00:01:47.980 already had tariffs on them with things like supply management? Maybe. But reality is, we need to trade

00:01:54.100 with them, and they are a big ally of us. And the way the Liberals were going about all this in the

00:01:59.600 first couple of months of their government was completely ridiculous. We didn't end up signing a

00:02:04.720 trade deal, and now we are running back to the table to try and do it because the Liberals don't

00:02:09.260 want to look pathetic in Parliament when Mark Carney is being grilled by Pierre Pauly of the House of

00:02:14.800 Commons for having no deal. So in a second here, I want to cut over to a clip of President Trump 0.97

00:02:20.440 announcing that Canada is working closely with him on his new Golden Dome project, which again, we should

00:02:27.200 be, but it's so weird that Carney is now doing this again after months and months and months of the

00:02:34.060 elbows up screw the Americans campaign. And then we're going to jump over to the clip of Carney being

00:02:40.000 flustered by a reporter asking him about his flip-flopping on the question of the United States.

00:02:46.960 But before I get into it, I just want to remind you guys that if you like the show, make sure to leave

00:02:51.600 a like on this video, subscribe to the channel if you are not yet a subscriber, and leave a comment on

00:02:57.000 what you think. And then also in the description of this video below, as well as pinned at the top of the

00:03:02.740 comments, I will be linking the We Unify Reclaiming Conference link if you want to buy a ticket. It's

00:03:09.400 being hosted in Calgary at the BMO Centre between September 19th and the 21st, and I will be there

00:03:15.820 both on the floor around mingling with people, and I will also be sitting and speaking on some of their

00:03:21.180 panels if you want to swing by and say hi. But now, without further ado, here is a clip of Donald Trump

00:03:29.300 saying that it's great to have Canada on board for the Golden Dome.

00:03:33.320 In Huntsville Space Comm, we'll play a key role in building the Golden Dome, as you know. That's

00:03:38.600 going to be a big thing. Everybody wants to be a participant in it. Missile Defense Shield, we're

00:03:43.940 going to be having a Golden Dome that the likes of which nobody's ever seen before. The finest,

00:03:50.340 the best. And by the way, Canada called. They want to be a part of it, and that'll be great. But Canada

00:03:55.140 wants very much to be included in that. Then we're going to work something out with them, I hope.

00:03:59.920 And again, this is sensible policy for Mark Carney, but it's not sensible as he had been talking

00:04:07.600 previously. He'd been asking, like, we need to make our own defense alliances, and we need to take

00:04:12.140 care of our own defense, and actually implying we may need to protect our borders from foreign 0.99

00:04:20.060 incursions. He didn't directly say that, but at so many points, he had basically been talking as if

00:04:27.460 Canada may need to arm up its military because maybe Trump will come to try and take Alberta from

00:04:33.180 us or something like that. It was so hysterical, and when you looked at the liberal commentators

00:04:39.000 online reacting to Carney, that's exactly the impression they got of the situation from his

00:04:44.600 overhyping of the situation, that we're in danger because of the Americans, and we need to split

00:04:49.400 off from them, trade with other people. We need to not increase our defense spending, not because

00:04:54.200 we should, and the Americans have been flipping the bill for us for a long time, but we need to

00:04:58.180 potentially protect ourselves against those same Americans who already protect us. But anyways,

00:05:04.180 now we need to jump over, and the funny thing about that last clip is I saw liberals online,

00:05:09.160 more lefty people saying, oh, Trump's lying. Carney would never have agreed to that. He's just making

00:05:13.860 stuff up. And then Carney's office had to confirm that, no, we are trying to work with the Americans on the

00:05:19.040 Golden Dome. And all these people like gobsmacked. He's like, why are you, why are you shocked? This

00:05:24.040 is actually like a totally understandable position for the government to be taking if they hadn't been 1.00

00:05:29.500 doing the stupid elbows up nonsense. But now here is Mark Carney, very much not liking a question from 0.99

00:05:35.920 a reporter about his repeated flip-flopping. When was the last time that you exchanged messages or you

00:05:41.240 spoke to the U.S. president? And it's been four months that you've been text, you know? He's like turning into a witch.

00:05:48.380 As we speak, he's like, I changed messages. What are you trying to imply there? He's so, he's just so mad

00:05:56.260 about this being asked. I love his face.

00:05:58.520 ...or you spoke to the U.S. president. And it's been four months that you've been text, you know?

00:06:04.600 I was like, you're my teacher, and I've been caught.

00:06:06.820 Yeah, you have been caught. He's changed messages like two or three times at this point. Elbows up

00:06:14.140 during the campaign, right out of the campaign, bear hug in the Oval Office. Right after that,

00:06:18.540 trying to normalize relations. Then he went back to elbows up, and then no trade deal signed. But,

00:06:23.100 well, but, you know, it's okay because we don't even need a trade deal because we have USMCA already,

00:06:27.700 even though becoming compliant with USMCA in order to avoid the tariffs actually still costs us more money

00:06:33.800 so that we're still having to pay increased costs regardless. And now we are back to bear hug.

00:06:39.720 And by the way, bear hug is the right stance. But again, I am calling out the hypocrisy here

00:06:45.340 that the people that put Carney into office expected not this. They expected quite the opposite of this.

00:06:52.700 But let's get back to Carney, getting mad about the question, trying to justify himself.

00:06:57.160 ...or you spoke to the US president. And it's been four months that you've been text, you know?

00:07:03.220 I was like, you're my teacher, and I've been caught.

00:07:06.360 And it's been four months since you've been in government. How much longer do Canadians have to

00:07:10.460 wait to see results from those talks with the US president?

00:07:12.880 Okay, well, let's go to results. Right now, we have the best trade deal of any country in the world.

00:07:17.560 Okay? Those are results. We're not weak thinking.

00:07:20.000 Those aren't results. Those pre-existed the situation. And saying we have the best trade

00:07:26.880 deal with the United States is not shocking. We share a massive border with them. We produce

00:07:32.840 a lot of raw resources that the United States wants. So naturally, we trade a lot with them.

00:07:37.940 The problem is, is that you were the guy who said that you knew how to deal with a man like Donald

00:07:44.600 Trump. You've dealt with people like Donald Trump before, which was immediately a red flag because

00:07:49.740 Donald Trump, whatever you think about the man, is a very unique person. There are not other people

00:07:55.600 out there in the world like Donald Trump. And so him acting like, oh, no, I've dealt with people

00:08:00.840 across the boardroom table like him before. No, you have not. And I think the record up to this point

00:08:07.420 proves that you have not because we have massive tariffs on our softwood, our steel and aluminum,

00:08:13.680 and we haven't actually signed a deal to get rid of the 35% tariffs on all the other non-USMCA

00:08:20.260 compliant goods. If he was a good negotiator, he would have probably been able to put forward

00:08:25.120 something saying that, hey, I know that you guys don't want people ripping you off and that you've

00:08:31.320 been paying our defense bill. Know what? We will actually not just increase our defense spending to

00:08:35.740 2%. We'll do 5% preemptively. But we want to have a free trade relationship with you because

00:08:41.920 really our two economies are really one economy based on how integrated they are. Maybe you have

00:08:48.020 to make some extra concessions like getting our supply management. Maybe you have to make extra

00:08:52.000 threats. But he didn't do anything. His entire trade strategy was completely comatose.

00:08:57.700 It can be better and we're working to make it better. But to be absolutely clear,

00:09:01.720 85% of our trade with the United States is tariff free. Nobody else is in that position. Our average

00:09:07.420 tariff is about 5.5%. That's the lowest average tariff of any country.

00:09:13.460 Yeah, but for the companies having to pay 35%, the 15% who are not exempt, it is killer for them. And

00:09:22.680 actually, it's even higher because they act like USMCA compliance means zero tariff.

00:09:26.720 The thing is, I've said this before, it's a bit complicated. But previously, before the 35%

00:09:33.480 tariffs, if you were not USMCA compliant, the tariff was like 5%, 7%. It wasn't very high.

00:09:39.340 But most companies didn't even bother becoming compliant, which should tell you that the cost

00:09:44.000 of becoming compliant to those businesses who are sophisticated enough to probably be able to run

00:09:48.700 the numbers and say how much would the extra paperwork cost? How much would the getting certain

00:09:53.580 things sourced from different countries cost? Because you need products that were like 90%

00:10:00.620 made in Canada, US and Mexico in order to avoid it and be compliant? They looked at that. They looked

00:10:07.100 at all the standards and regulations and they said that I'd rather just pay an extra 5%, 6%, 7%.

00:10:12.240 So it should tell you that the products that have now become USMCA compliant, because only about 34%

00:10:17.940 of them were compliant since 2024. So now that 85%, 90% are compliant now, it means that those

00:10:24.260 companies are paying 5% to 7% plus more in order for that compliance. But anyways, I'll let him keep

00:10:32.340 talking. But it's ridiculous to say, oh, no, our effective tariff is 5%. It's probably more like 8% or 9%

00:10:37.940 or 10% because of the costs of becoming compliant. You can look it up. It costs quite a bit for

00:10:44.500 companies to do the extra paperwork to source their labor and materials from different areas

00:10:48.980 in order for the products to go over the border tariff-free in the world. So right now we have the

00:10:56.100 best, but we have real issues. Without question, we have real issues in steel, in aluminum, in forest

00:11:02.740 products, in autos, potentially in pharma, copper, some other sectors. So there's these strategic

00:11:09.780 sectors that the US has focused on where we have issues. And as well, there will be a review of

00:11:17.460 KUSMA, our trade agreement with the US and Mexico, starting next year. So we need to prepare for that.

00:11:24.180 We need to lay the groundwork for that review. And we need to address as rapidly as possible these

00:11:28.980 strategic sectors. He keeps talking about how we're addressing it and we need to address it,

00:11:33.940 but we haven't addressed it. That's the problem. We haven't seemingly been all that serious about it

00:11:38.980 because we will not put things like supply management on the table. Supply management,

00:11:44.740 as I've also said in other videos, is not even good for Canada because Alberta, with 12% of the

00:11:49.940 population, gets 7% of the quota in order to produce poultry and dairy products. That seems unfair

00:11:57.300 even within Canada. So then why are we holding on to this with a death grip rather than trying to

00:12:02.900 use it for leverage to have zero tariffs between Canada and the United States? It'd be good for

00:12:07.860 both our countries. And in effect, Canadians would actually pay lower prices for things if we just

00:12:14.500 got rid of supply management. Even if we didn't allow any dairy or poultry products in from the United

00:12:20.100 States, just getting rid of that regulatory burden in our country and letting farmers produce whatever

00:12:26.260 they want outside of a quota system, we would domestically already have cheaper dairy and poultry.

00:12:32.900 Okay. So that's the overall context. So we're looking now, given that we've got the best deal.

00:12:41.380 Oh, so we've established that we have the best deal, even though we have 80% of our trade with the

00:12:47.140 United States. So in fact, this is not the best deal. If you look at it purely on paper, how much tariff we

00:12:52.740 pay in effect? Yeah, it's technically the best, but none of the countries paying more trade more

00:12:59.380 than 80% with the United States. So he's just entirely wrong when he says specious things like

00:13:05.540 that to really focus in on those strategic sectors and prepare the groundwork for that broader discussion

00:13:11.860 on Kuzma. That's what we're doing. I last spoke, uh, exchange messages. I last spoke, uh, to the...

00:13:18.500 He's still so mad about it. He's still seething about the him changing messages because he did

00:13:23.620 change messages. And it's like gnawing at the back of his head, like a rat spoke, uh, exchange messages.

00:13:30.420 I last spoke, uh, to the president, uh, Monday evening. I spoke at length, um, uh, on a, on a wide range

00:13:37.460 of issues, including on, uh, including on trade, but geopolitical, uh, uh, other issues, labor issues,

00:13:42.740 et cetera. Uh, it was a good conversation. Uh, we have a team, a very senior team. The clerk of the

00:13:48.020 Privy Council is there in Washington as we speak, uh, that is meeting with the, uh, the US counterparts.

00:13:53.860 Don't expect immediate white smoke on one of these strategic, uh, uh, sectors, but that's the type of

00:13:59.780 conversation that we're having. So he's already telling us not to actually assume that anything's

00:14:04.500 going to be getting done on steel aluminum or softwood lumber anytime soon. But the thing is,

00:14:10.580 that's the problem with Carney. It's all talk. I think previously he wasn't still seething about the,

00:14:14.820 the changing messages thing. He was, uh, seething about the exchanging messages thing with Donald

00:14:19.220 Trump because he does also doesn't like it being said in the media that he's having this more direct,

00:14:24.340 warmer relationship with Donald Trump implied through the idea that they're exchanging messages

00:14:30.340 in this casual way having, uh, and we'll continue to have as well. And this is a government that can

00:14:36.500 do more than one thing at one time, as well as, uh, advancing those discussions in Europe,

00:14:41.300 uh, and in Asia, as we diversify our trade partners. The problem is we're not really

00:14:46.820 diversifying trade partners. We're losing lucrative trade with the United States, and we are trying to

00:14:53.700 replace it with random countries in Europe and Asia who are not going to be paying us as much as the

00:14:59.700 Americans would for our output, for our exports. This is why we need a deal fast. I would like to

00:15:06.660 see white smoke on this stuff very fast, but we keep acting like it's ridiculous. It's unreasonable 0.73

00:15:13.780 to expect him to actually do the things he said that he was going to do quickly. Carney, you, if you

00:15:20.260 were watching the federal election, did you get the impression from what he was saying that he was not,

00:15:24.980 he was going to move slowly and not get anything done in the year 2025? Or did you think that because

00:15:30.900 he pitched himself as the man to lead us through a crisis that he is going to get in there and he's

00:15:35.700 going to break stuff to fix it back up and he's going to get a deal on the table with the Americans

00:15:40.980 within a month and it's all going to be hunky dory. We are now in the crisis management mode on this

00:15:47.620 issue where, hey, it's not gonna be white smoke. We're talking to them about this. We're still preparing

00:15:52.500 for the Kuzma USMCA renegotiation next year. What? We're now preparing for something that's

00:15:59.620 only going to start happening next year instead of trying to solve the real problem that is in

00:16:05.780 front of us right now. We're going to solve the thing that we only start talking about next year

00:16:10.500 and may not be fully renegotiated for another couple of years after that. But whatever, what do I

00:16:15.860 know? I'm not Mark Carney, the genius economist, businessman, Goldman Sachs banker, central banker.

00:16:24.100 But that should be it for me today, guys. Again, if you like the show, make sure to leave a like on

00:16:28.900 this video, subscribe if you are not yet a subscriber, and leave a comment on what you

00:16:34.100 think about the topic. Anyways, with that being said, see you guys all later.

The National Telegraph - Wyatt Claypool - September 03, 2025

Carney MAD at reporter calling him out for flip-flopping on Trump

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