The National Telegraph - Wyatt Claypool - October 07, 2025


Carney screwed up trade negotiation with Trump! Capitulates for nothing!

Topics
trade negotiations
Hosted by
Wyatt Claypool
Mentioned
Donald Trump Mark Carney Pierre Poilievre Billboard Chris Speaker Biden
Carney Liberals now projected to LOSE next election! Carney's surrender on trade has put Liberals on shaky ground!

Episode Stats


Length

12 minutes

Words per minute

184.41

Word count

2,390

Sentence count

153

Harmful content

Misogyny

1

sentences flagged

Toxicity

6

sentences flagged


Summary

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

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.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
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.
00:00:02.920 So, Prime Minister Mark Carney has just put on a masterclass of exactly why you do not talk tough when you cannot back it up.
00:00:12.120 Because he has finally had to bend the knee to Donald Trump, and we have gotten effectively nothing in return.
00:00:20.320 We may actually still have tariffs on us after all is said and done, because, well, we played our cards wrong.
00:00:27.000 People 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.
00:00:38.260 I always hate how liberals do this.
00:00:40.680 They 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.
00:00:50.820 Well, maybe, but you're guaranteeing it based on how you're acting.
00:00:54.700 I don't have to have liked the tariffs to think that they were doing a poor job in opposing them.
00:01:01.540 In fact, because I disliked them, I wanted Mark Carney to be smarter.
00:01:05.640 We could have actually been negotiating in real terms months ago, and we're doing it now while we are on our heels,
00:01:13.200 rather than actually going to the Oval Office the first time around months ago,
00:01:17.680 and trying to hammer out something and create an alliance where Canada and the U.S. have no tariffs in order to take down China.
00:01:25.580 But 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. 0.96
00:01:34.040 It's just pathetic. 0.86
00:01:35.800 And by the way, even China is tariffing Canada right now on canola products. 0.95
00:01:40.500 But in just a second, I want to take you through a few of the clips of Mark Carney meeting with Donald Trump,
00:01:46.180 as well as Pierre Polyev's response in the House of Commons today.
00:01:50.300 But before I get into it, guys, I just want to remind you, if you like the show, make sure to leave a like on the video.
00:01:56.560 Subscribe if you're not the subscriber.
00:01:58.860 Leave a comment on what you think about all this.
00:02:01.260 It helps us on the algorithm.
00:02:03.000 And also share the channel with your friends.
00:02:05.300 Hopefully people like it.
00:02:07.320 Maybe I have a very niche audience, and it's only you few people who actually enjoy any of what I'm doing here.
00:02:13.780 But anyways, let's start off with President Trump and Carney meeting outside of the White House this morning,
00:02:20.320 and then we will get into some of the substance of how they were talking.
00:02:23.300 So Carney there came out of the car and he said, well, of course, I wore a red for you, Mr. President.
00:02:47.920 And it didn't get much of a reaction.
00:02:49.620 I'm not sure if that was supposed to be like funny or whatever.
00:02:51.580 But 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.
00:03:01.460 And he's just basically this is all formality because he knows that that Carney is basically capitulating to him.
00:03:07.780 Trump, although was quite funny at this meeting, here is him making a 51st state jab at Mark Carney.
00:03:14.380 And 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,
00:03:24.040 that he was going to battle him back if he ever undermined even verbally Canada sovereignty.
00:03:30.560 But 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.,
00:03:39.940 rather 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.
00:03:46.920 And the thing is that we positioned ourselves more as a friend of China than the United States.
00:03:51.200 And so Trump very much probably sees this in the China basket more than he does in other more allied countries.
00:03:58.260 This is, in many respects, the most important.
00:04:01.380 The merger of Canada and the United States.
00:04:05.200 I love his quote.
00:04:07.420 The merger of Canada and the United States.
00:04:13.760 I'm not like, that wasn't where I was going.
00:04:15.400 I 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.
00:04:27.860 Like, I don't know how he spins this to his own base.
00:04:30.360 How are any of them going to say, oh, no, no, he was, he was super elbows up there.
00:04:34.640 Because he didn't say, hey, don't say that.
00:04:36.560 Because that's basically what he set it up that he would say, based on all of his campaign rhetoric.
00:04:41.500 So you can't just simply let him get away with that.
00:04:45.180 Like, I would, in the sense that it's a joke, whatever, it's a funny joke.
00:04:49.380 But 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.
00:04:57.160 But he can't, obviously, because that's just not how politics works.
00:05:00.200 But he's indoctrinated, the Liberal Party has indoctrinated their own base to not see politics clearly, to not understand how politics actually works.
00:05:09.300 But check out this.
00:05:10.140 Trump tends to also be praising people.
00:05:14.620 I just want to make this point.
00:05:15.680 Trump praises people who are doing what he wants.
00:05:18.140 Great prime minister.
00:05:19.100 I mean, he could represent me anytime.
00:05:21.260 I will tell you, you know, I'm not saying that because he's, no, he is very strong, very good leader.
00:05:27.300 He's a nice man, but he could be nasty. 0.79
00:05:30.080 He could be very nasty. 0.99
00:05:31.520 Maybe as nasty as anybody. 0.98
00:05:32.800 I think, I think, Canada is, let me put it this way.
00:05:36.880 I can tell you this because I deal with lots of leaders all over the world.
00:05:41.060 He is, he is a world class leader.
00:05:44.980 He's a man that knows what he wants.
00:05:46.620 And do you know what Carney wants?
00:05:49.260 Sorry if that clip was a little bit quiet.
00:05:51.480 Sometimes when I grab clips on the fly, I don't know if they're going to have higher or lower audio.
00:05:55.900 It depends on who uploaded it.
00:05:57.680 Do you know what apparently Canada wants?
00:05:59.620 Because Trump was saying that he's a man who knows what he wants.
00:06:02.120 And Carney agreed to try and have Canada invest a trillion dollars into the United States over the next five years.
00:06:11.080 I 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.
00:06:20.700 A trillion dollars is probably too much.
00:06:23.200 And 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.
00:06:35.840 And they're like, that's impossible.
00:06:37.400 Well, Carney, as a single country of Canada, has just committed to a trillion dollars of U.S. goods.
00:06:43.740 So you guys can write all your op-eds about how that's inaccurate.
00:06:46.600 Carney 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.
00:06:58.240 We basically waited until the last second and we had to take the deal that was available at the last second.
00:07:04.680 Anyway, so now I want to move on to Pierre Polyev's response to this deal in the House.
00:07:10.160 Oh, actually, no, let's here's a good one.
00:07:13.200 I want to move over to this.
00:07:14.100 This was a reporter question to Carney at the while he was sitting next to Trump in the Oval Office.
00:07:21.240 Well, they're not the Oval Office.
00:07:22.320 I think this is somehow like another room.
00:07:24.160 You got my point, guys.
00:07:25.660 Canadians are refusing to go to the U.S.
00:07:27.880 The numbers are down like 23 percent in the first seven months of the year.
00:07:32.140 What 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?
00:07:41.420 And Americans don't want to buy cars that are made in Canada.
00:07:44.640 You know, I mean, we have the same country.
00:07:46.860 So there isn't it's it's something that will get worked out.
00:07:51.520 There's still great love between the two countries.
00:07:54.940 But, you know, American people want product here.
00:07:59.740 They want to make it here.
00:08:01.780 Detroit was emptied out and moved to Canada, moved to Mexico, moved to other places, not just Canada.
00:08:07.120 And now they're all moving back.
00:08:10.900 You know, they're moving back.
00:08:11.920 We have right now is just telling Mark, we have 17 trillion, but it's going to it's really much higher.
00:08:16.620 That was as a couple of months ago.
00:08:18.720 We have over 17 trillion dollars being invested now in the United States.
00:08:23.340 As an example, Biden in he was the worst president we've ever had, but they had less than one trillion in four years.
00:08:31.600 We have more than 17 trillion in eight months.
00:08:36.160 And 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.
00:08:45.820 And 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.
00:08:54.780 And 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.
00:09:06.840 You can't go elbows up at home and be insulting.
00:09:10.020 And then when you enter the new trade negotiating room, you're just like, how about we have no tariffs?
00:09:14.140 And that's all you say.
00:09:15.700 You have no threat.
00:09:17.020 You have no ability to put pressure on them.
00:09:18.740 You have nothing to offer them.
00:09:20.140 We have basically completely protected the dairy cartel in this country through keeping tariffs on.
00:09:26.200 We are literally keeping American tariffs on our non-USMCA compliant goods just to protect the dairy cartel.
00:09:34.020 And 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.
00:09:49.440 Because the standards for what can be USMCA compliant require you to source your labor and source all your materials from certain places.
00:09:58.040 You can't use any cheap components from other countries that may be used usually.
00:10:03.000 You have to get them all from more expensive manufacturers within North America.
00:10:06.180 And 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.
00:10:17.060 But that's the problem with USMCA is it actually adds higher price to products that now need to be made in more expensive ways.
00:10:25.900 But now let's actually get to Pierre Polyev talking about all this in the House of Commons.
00:10:31.840 I think he does a pretty good takedown within a minute of what Mark Carney is doing here.
00:10:36.780 Mr. Speaker, all the hyperventilating in the world will not change the fact that the Prime Minister casually said in the Oval Office today,
00:10:47.380 he bragged that a half trillion Canadian investment dollars have left for the states in the last five years,
00:10:53.680 and then promised that a trillion more will leave in the next five years.
00:10:58.280 That'll mean mines closing in Quebec and opening in Pennsylvania. 0.63
00:11:01.480 It'll mean mills closing in BC and opening in Washington state, factories closing in Ontario and going to Michigan.
00:11:09.660 Why is it that the Prime Minister sells out Canadian workers, Canadian jobs and Canadian investments in the White House?
00:11:16.700 And I would say that the solution to this, and I don't think he was implying it, the solution to this is not protectionism.
00:11:22.940 It's simply good economic policy.
00:11:25.580 But we just act like it's a fact of life that things go down to the US.
00:11:28.960 Like, they don't have to. And it's not because we're in a moral battle with the United States.
00:11:34.460 I don't think so. I think we're allies.
00:11:36.520 But I think what would have actually strengthened our position in the negotiations is if we were cutting regulations,
00:11:42.140 cutting wasteful government spending, cutting taxes, and making it so that regardless of what the tariffs are,
00:11:48.220 people want to set up shop in Canada instead.
00:11:50.020 And then Trump maybe could actually, you know, we could actually take them, get them to the table and say,
00:11:56.140 how about we go to a zero tariff environment or else we will actually start, you know, tariffing you ourselves.
00:12:01.860 Or we can do, you know, we'll get rid of the dairy cartel.
00:12:04.940 If you guys have no tariffs on us, we could offer a lot of stuff.
00:12:08.220 We could threaten a lot of stuff.
00:12:09.280 But we ended up in the situation where we basically just sat around doing nothing
00:12:12.980 and then eventually just capitulated to everything and we still have tariffs on us.
00:12:17.360 But anyways, that should probably be it for this video, guys.
00:12:21.160 Thank you for tuning in and thank you for putting up with my far more bare bones set.
00:12:25.600 I'm in a hotel in Victoria since I am currently working at the BC legislature with the 1BC team.
00:12:31.880 I will be playing some clips of stuff that we've been doing probably in future episodes.
00:12:36.320 It should be interesting. We've got some good zingers off the BC government and QP.
00:12:40.820 And tomorrow we should be having Billboard Chris visit the legislature to talk to MLAs about policy to protect children
00:12:48.460 from, you know, basically bad gender theory, medical misinformation.
00:12:54.480 Anyways, but with that being said, I will see you guys all later.