00:00:00.000Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.0.91
00:00:06.560Mark Carney is looking really dumb these days. You can tell the Prime Minister and the Liberals
00:00:12.640know they've been outplayed by U.S. President Donald Trump on trade, because suddenly Carney
00:00:18.580is doing very stage-managed interviews with the CBC to talk about this very topic he has been
00:00:25.720trying to avoid for months. In fact, remember, conservative party leader Pierre Polyev was
00:00:31.600really starting to get under Carney's skin by constantly bringing up the U.S. trade issue,
00:00:37.180making suggestions to Carney, asking for updates, and he doesn't want to talk about it because it's
00:00:42.700not going very well for him, especially recently. Now, I just want to set the stage of what Carney
00:00:49.680thought was going to happen and what is currently happening, and then we will be getting into this
00:00:55.140interview with the CBC and some other stuff going on with the CBC. But before I get into all that,
00:01:01.420I just want to remind you guys, make sure to like the video if you like the channel, subscribe if
00:01:06.080you are not yet a subscriber to the channel, and if you want to help support the channel even more,
00:01:11.020hit the join button below the video and you can become a small-scale monthly contributor that
00:01:16.300allows the channel to be more sustainable for me and allows me to kind of ride through the terrible
00:01:21.400waves of the new YouTube algorithm. If you're a senior living on fixed income, do not join it.0.97
00:01:26.420All the content is meant to be free, and I do not want someone putting themselves under financial0.97
00:01:31.160stress by contributing to this. Anyways, so before we get into this interview, Mark Carney
00:01:38.240is a guy who thinks a lot of himself. He believes that he is a genius, and no doubt Mark Carney is
00:01:46.280a smart guy. He's gone to some very difficult schools to get into. The problem is, is that
00:01:52.160some smart people, just to start assuming everyone around them is stupid, and that's what Carney did1.00
00:01:57.620with Trump. He thinks he is miles more intelligent than Donald Trump, and so he invented a scenario1.00
00:02:04.180in his head, and because he's smart and Trump's dumb, he assumed that his invented scenario was0.99
00:02:09.360what was going to happen on trade. Carney thought he was going to wait out Donald Trump, push Donald0.99
00:02:15.480Trump really close to the midterm elections in the United States, where the Republicans
00:02:20.280could lose and have the House and the Senate go Democrat, and that Trump, to save himself,
00:02:26.880was suddenly going to sign a really lopsided deal in favor of Canada, just so he could say
00:02:32.360he got a trade deal signed with Canada right before the midterms. Okay, I guess that happens
00:02:40.240if every single player in the scenario acts exactly as Carney wants them to play.
00:02:46.140But no, Trump, in fact, as Carney was sitting there sluggishly not moving negotiations forward,
00:02:52.420his trade minister, Dominic LeBlanc, was showing up to meetings with other trade representatives for Canada,
00:02:58.140unwilling to make any concessions, not really even making any demands,
00:03:01.440and just wasting their time in coffee meetings since October.0.92
00:03:05.840Trump decided, hey, I don't need the carny liberals to negotiate with.0.89
00:03:10.700I can just go directly to Canadian steel and aluminum companies and say, hey, if you sap shop in Ohio with your next venture, I'll eliminate all tariffs on anything coming from your Canadian branch into the United States.0.87
00:03:25.480So if you are a steel or aluminum mill somewhere in southern Ontario, you can send your products into the U.S. tariff free.
00:03:34.320if you say your next $200 million expansion is going to be in Ohio or Georgia or North or South
00:03:40.960Carolina or Idaho, wherever steel and aluminum plants typically are set up in the US.
00:03:46.780That was really smart. And it's really enticing. Carney knows that Trump has completely outmaneuvered
00:03:53.500him. He thought he was just going to sit there and then Trump was going to eventually break and
00:03:56.900get desperate. That's not happening. And so now Carney is having to go on to the CBC. And again,
00:04:03.680I say it's a very staged interview because the whole thing is it's allowing Carney to try and
00:04:08.920give himself a glow up here. In this interview, he needs to justify why there's no deal. They
00:04:15.800don't talk about it right away. It's kind of deeper in the interview. Suddenly, we start
00:04:19.440getting questions about why there is no deal yet and why, Carney, are you too principled of a0.98
00:04:25.800prime minister to get a deal with that big, evil, nasty man, Donald Trump? That's kind of like the0.97
00:04:31.620feel of what's going on here. Because again, Carney needs you to buy his excuse for why he's
00:04:37.940failed so bad. He's only doing this interview because he's failing. If his plan was working,
00:04:43.160he wouldn't even address it. He would go radio silence. But because now Trump is undermining
00:04:48.720him and outplaying him, suddenly he needs to do a team huddle and say, hey guys, I know it's
00:04:53.520looking bad, but don't worry. I'm just trying to make sure that we don't sign a small deal or we
00:04:59.060don't look we don't become desperate and sign something bad for Canadians but but here's this
00:05:04.620interview with the CBC you talked a few times about having conversations with President Trump
00:05:10.760so it was interesting that the U.S. Trade Representative Jameson Greer not that long ago
00:05:15.420he was on a Capitol Hill hearing and he said that when it comes to sectoral tariff relief
00:05:20.600that is a personal decision for the president to make how does that sit with you uh I well
00:05:28.840Well, I obviously defer to Ambassador Greer in terms of exactly how those decisions are made.
00:05:35.100It doesn't, I didn't see the actual testimony, but I'll comment.
00:09:43.780Sorry, but part of a good deal is a quick deal because right now industry is suffering from the current tariffs and sitting around waiting for the perfect deal is just allowing the pain to set in harder.
00:09:55.800You need a good deal in the right time.
00:09:57.020And what we don't need is chasing a deal or chasing a small deal that disadvantages us for the bigger deal.
00:10:09.240We could sit down this afternoon and hammer the whole thing out over the course of the next 10 days if the U.S. side, which has other things to do, I acknowledge that, had the bandwidth and the inclination to go through it.
00:15:33.860I mean, I think if this could really be sorted out in a matter of days with both parties
00:15:38.820coming to the table, the prime minister is opening himself up to some questions about,
00:15:43.480OK, well, then what has taken so long and why has there been this drag?
00:15:47.460Like there was all this fervor back in the spring and into the summer about being able to secure a deal.
00:15:52.280I believe it was for July 1st, and then there was a second deadline.
00:15:55.540And so, you know, if it can really be something that is sorted out quickly, then what is the current actual status of those negotiations?
00:16:05.060So, you know, I think that he's playing to his audience in terms of talking about the unpredictability of the president, and that is, you know, he's fair to do that.
00:16:13.420But as we approach July 1 and, you know, if things are really just a matter of bandwidth, that's to use his term on both sides, surely our government should be should be willing to find that bandwidth.
00:16:24.520Yeah. And again, sorry. And I do not preview these segments when I play another media segment on like the CBC or CTV.
00:16:31.660I'll watch a little bit of it to make sure it is about the thing I want to be about.
00:16:35.260I have not seen what Kate Harrison's response was. And as a another conservative, a fellow
00:16:40.540conservative, the fact that we both have like one to one, the same interpretation of that.
00:16:45.880And I didn't even preview this, the Mark Carney interview. Exactly. I knew there was a couple
00:16:50.380of things he said during it. And I just queued up the clip to where he was talking about Trump
00:16:54.780and trade. That's why sometimes the clips go on a bit long because I'm not only clipping him
00:16:59.140in like 10 seconds. I'll let you listen to him for an entire minute or more.
00:17:02.980The fact that both of us understood what he was doing there was trying to prime his base to being okay with no trade deal because he's so unreasonable and he's illogical says something about how obvious what the prime minister is currently doing here.
00:17:17.940And also, she makes a good point about the bandwidth.
00:17:21.340I don't think I talked enough about the bandwidth.
00:17:23.700You can't say like, oh, well, we have a lot of stuff we're doing on affordability, on international relations,
00:17:29.300and the president and his administration has their own stuff occupying their time.
00:17:36.520If you're not finding the time, it's because it's not important to you.
00:17:40.080And that's kind of ironic because it was your one big promise.
00:17:44.180In fact, he put more effort into signing deals with China, the country you said was our biggest national security threat, than our southern neighbor and closest ally, the United States of America.
00:17:55.180But his base of elbows-up voters do not want to hear that Trump's reasonable, and to sign a deal would be to indicate that he's reasonable, and they wouldn't like that, and so Carney's having to play to the business liberals by pretending he's still trying to get a deal.
00:18:08.940At the same time, he's trying to never get a deal signed so that the elbows-up liberals don't get upset.
00:18:14.180But anyways, let's go back to the panel so we can hear some liberals make some excuses.
00:18:20.380So on that, to give sort of a precision on some of the quotes here, he said, we could sit down this afternoon and hammer the whole thing out over the course of the next 10 days.
00:18:28.880If the US side, which has other things to do, I acknowledge, if they had the bandwidth and the inclination to go through it, we could hammer it all out.
00:18:35.300But then he sort of backstops that with the point he made that unless the deal is aligned and bought into by the US, it's not clear that they will respect it, right?
00:18:42.460So it's it's threading both of those needles at the same time, it seems, is the challenge here.
00:18:47.700Yeah, absolutely. It just sounds like, frankly, that the U.S. doesn't want to negotiate right now or in the way I read it is negotiate on their terms.
00:18:56.620I think there's some issues that the U.S. has that Canada won't hold on, which is like supply management, for example.
00:19:02.020So I think the point is, if we went to them and said, we're ready to negotiate on your terms, they're ready to come to the table.
00:19:07.780they say sure i think what the prime minister is trying to say is that unless they were negotiating
00:19:13.460in the way they want to negotiate you know it's not going to happen but if if they're willing to
00:19:17.740be equal partners here but is there any evidence of this other than what the prime minister said
00:19:23.060and of course vandana katter here used to be an advisor as the little uh sign underneath her name
00:19:29.860previously said she was an advisor to former prime minister justin trudeau i'm sorry there we don't
00:19:35.600have evidence that the problem here is the Americans. They're detailed when describing
00:19:41.280the holdup, that Carney and the liberals don't want to make any concessions. They don't want to
00:19:46.680look weak. They don't want to actually be able to, they don't want to horse trade about what
00:19:52.220they're willing to give up to get the US to budge on stuff. They always describe the friction.
00:19:58.600The Canadian side never describes the friction. We just kind of make vague insinuations that
00:20:02.540they're not reasonable, and that's it. But the thing is, it's the CBC, so everyone on the panel
00:20:06.920is just going to eat up the Prime Minister's narrative, except for Kate Harrison. And come
00:20:12.520to compromise on things that we care about, then yeah, we can come to the table and hammer it out.
00:20:16.940Brad, how do you view the assessment there, the summary, the diagnosis, as Kate called it?
00:20:21.980Yeah, it's interesting. And I'm getting the sense here that there's no sense of rush,
00:20:27.400that time is actually on Canada's side as opposed to on the U.S.'s side.
00:20:32.640We have a president who is very distracted.
00:20:34.780I found it interesting when the prime minister was saying, you know,
00:20:38.540when we have a meal after the press conference in the Oval Office,
00:20:42.580first thing was, what should I do in Iran?
00:20:44.620Clearly, the president of the United States is distracted.
00:20:47.600And while Kuzma seems to be a main focus of the government of Canada right now,
00:20:52.240it certainly is not the only focus of the government of the United States.