Canadian Prime Minister Mark Carney has finally given in to Donald Trump and is now on the verge of a trade war with the United States. I break down the details of the meeting between Trump and Canadian PM Mark Carney, the House of Commons response, and the 51st state jab.
00:00:02.920So, Prime Minister Mark Carney has just put on a masterclass of exactly why you do not talk tough when you cannot back it up.
00:00:12.120Because he has finally had to bend the knee to Donald Trump, and we have gotten effectively nothing in return.
00:00:20.320We may actually still have tariffs on us after all is said and done, because, well, we played our cards wrong.
00:00:27.000People can claim that this was always going to be the case, but we ended up doing it so poorly that was definitely already a foregone conclusion that tariffs were not going to be fully off.
00:00:40.680They will screw something up in relation to President Trump's administration, and then when consequences come, they will say, well, the consequences were always going to be there.
00:00:50.820Well, maybe, but you're guaranteeing it based on how you're acting.
00:00:54.700I don't have to have liked the tariffs to think that they were doing a poor job in opposing them.
00:01:01.540In fact, because I disliked them, I wanted Mark Carney to be smarter.
00:01:05.640We could have actually been negotiating in real terms months ago, and we're doing it now while we are on our heels,
00:01:13.200rather than actually going to the Oval Office the first time around months ago,
00:01:17.680and trying to hammer out something and create an alliance where Canada and the U.S. have no tariffs in order to take down China.
00:01:25.580But because Carney is so friendly to China, he wouldn't actually make a statement like that or make a proposal even behind the scenes like that.
00:02:49.620I'm not sure if that was supposed to be like funny or whatever.
00:02:51.580But it was kind of just, you know, the attitude of the of the meeting was very kind of stiff in the sense that it looks like Trump is knows what he's going to get here.
00:03:01.460And he's just basically this is all formality because he knows that that Carney is basically capitulating to him.
00:03:07.780Trump, although was quite funny at this meeting, here is him making a 51st state jab at Mark Carney.
00:03:14.380And it's so hypocritical to watch this happen, because remember, Mark Carney was the guy who was going to go after Trump if he even joked about the 51st state,
00:03:24.040that he was going to battle him back if he ever undermined even verbally Canada sovereignty.
00:03:30.560But here he takes it all in good humor, as he should have at the very start, rather than digging himself into a hole and making Canada an opponent of the U.S.,
00:03:39.940rather than using different levers to put pressure on the U.S. to have no tariffs on us if they actually want to fight back with China.
00:03:46.920And the thing is that we positioned ourselves more as a friend of China than the United States.
00:03:51.200And so Trump very much probably sees this in the China basket more than he does in other more allied countries.
00:03:58.260This is, in many respects, the most important.
00:04:01.380The merger of Canada and the United States.
00:04:07.420The merger of Canada and the United States.
00:04:13.760I'm not like, that wasn't where I was going.
00:04:15.400I would, no, but I, you know, on this, on this solemn day of, yeah, so this was, yeah, wasn't going great on an imagistic level for Mark Carney.
00:04:27.860Like, I don't know how he spins this to his own base.
00:04:30.360How are any of them going to say, oh, no, no, he was, he was super elbows up there.
00:04:34.640Because he didn't say, hey, don't say that.
00:04:36.560Because that's basically what he set it up that he would say, based on all of his campaign rhetoric.
00:04:41.500So you can't just simply let him get away with that.
00:04:45.180Like, I would, in the sense that it's a joke, whatever, it's a funny joke.
00:04:49.380But the thing is, Carney has told his base that he will take this as, like, an affront to the country and fight Trump physically for saying it.
00:04:57.160But he can't, obviously, because that's just not how politics works.
00:05:00.200But he's indoctrinated, the Liberal Party has indoctrinated their own base to not see politics clearly, to not understand how politics actually works.
00:05:57.680Do you know what apparently Canada wants?
00:05:59.620Because Trump was saying that he's a man who knows what he wants.
00:06:02.120And Carney agreed to try and have Canada invest a trillion dollars into the United States over the next five years.
00:06:11.080I think that's in terms of joint projects with the United States or at least buying more, you know, U.S. products or manufactured goods or whatever.
00:06:20.700A trillion dollars is probably too much.
00:06:23.200And again, remember all the liberal reporters were mocking Trump because he had signed a deal with the EU where they would buy like some amount of like 700 billion dollars of U.S. energy over the next four years.
00:06:37.400Well, Carney, as a single country of Canada, has just committed to a trillion dollars of U.S. goods.
00:06:43.740So you guys can write all your op-eds about how that's inaccurate.
00:06:46.600Carney still verbally agreed to these investments because it's what he has to do after screwing around for a long time when it comes to trying to get a trade deal done.
00:06:58.240We basically waited until the last second and we had to take the deal that was available at the last second.
00:07:04.680Anyway, so now I want to move on to Pierre Polyev's response to this deal in the House.
00:07:10.160Oh, actually, no, let's here's a good one.
00:07:25.660Canadians are refusing to go to the U.S.
00:07:27.880The numbers are down like 23 percent in the first seven months of the year.
00:07:32.140What do you say to Canadians that don't want to go to the U.S. now because of your 51st state talk, because of the trade war, the tariffs and the fear of also being potato at the border?
00:07:41.420And Americans don't want to buy cars that are made in Canada.
00:07:44.640You know, I mean, we have the same country.
00:07:46.860So there isn't it's it's something that will get worked out.
00:07:51.520There's still great love between the two countries.
00:07:54.940But, you know, American people want product here.
00:08:18.720We have over 17 trillion dollars being invested now in the United States.
00:08:23.340As an example, Biden in he was the worst president we've ever had, but they had less than one trillion in four years.
00:08:31.600We have more than 17 trillion in eight months.
00:08:36.160And he's here having Trump, whether it's fully true or not, talking about his achievements and talking about how Americans don't want to buy Canadian cars.
00:08:45.820And you think that you could have Mark Carney at some point here jump in saying, you know what, I could probably help you on your tourism problem if we can figure out this terror problem.
00:08:54.780And it's just like every step along the way, it feels like the Canadian negotiators have either been one of two things, completely limp or in terms of our own politics, slapping them in the face.
00:09:06.840You can't go elbows up at home and be insulting.
00:09:10.020And then when you enter the new trade negotiating room, you're just like, how about we have no tariffs?
00:09:20.140We have basically completely protected the dairy cartel in this country through keeping tariffs on.
00:09:26.200We are literally keeping American tariffs on our non-USMCA compliant goods just to protect the dairy cartel.
00:09:34.020And by the way, just because something is USMCA compliant and it gets you out of the 35% tariff doesn't mean that you still don't pay more because it costs more money to become USMCA compliant than if you were just in a scenario where there was no tariffs at all.
00:09:49.440Because the standards for what can be USMCA compliant require you to source your labor and source all your materials from certain places.
00:09:58.040You can't use any cheap components from other countries that may be used usually.
00:10:03.000You have to get them all from more expensive manufacturers within North America.
00:10:06.180And I think that we should source more from North America, but through the free market by lowering taxes and making us more competitive and making businesses want to source from their own countries.
00:10:17.060But that's the problem with USMCA is it actually adds higher price to products that now need to be made in more expensive ways.
00:10:25.900But now let's actually get to Pierre Polyev talking about all this in the House of Commons.
00:10:31.840I think he does a pretty good takedown within a minute of what Mark Carney is doing here.
00:10:36.780Mr. Speaker, all the hyperventilating in the world will not change the fact that the Prime Minister casually said in the Oval Office today,
00:10:47.380he bragged that a half trillion Canadian investment dollars have left for the states in the last five years,
00:10:53.680and then promised that a trillion more will leave in the next five years.
00:10:58.280That'll mean mines closing in Quebec and opening in Pennsylvania.
00:11:01.480It'll mean mills closing in BC and opening in Washington state, factories closing in Ontario and going to Michigan.
00:11:09.660Why is it that the Prime Minister sells out Canadian workers, Canadian jobs and Canadian investments in the White House?
00:11:16.700And I would say that the solution to this, and I don't think he was implying it, the solution to this is not protectionism.