The National Telegraph - Wyatt Claypool - Carney SCREWED Up trade talk with Trump! Liberals are happy

00:00:00.000 Hey guys, Wyatt Claypool here. Make no mistake about it, Prime Minister Mark Carney and his

00:00:06.620 liberal government were the ones who screwed up trade negotiations with Donald Trump in the United

00:00:11.640 States. Just because President Trump was the one who ended them does not mean that he was the

00:00:17.080 problem. It was Canada's government that passed the digital services tax and then implemented it in

00:00:23.720 the middle of trade negotiations when they had been telling us not to do it. We are currently

00:00:29.020 trying to find a trade off ramp where both sides of the border would reduce their trade barriers so

00:00:35.860 then we can trade more freely whether products are going from the U.S. to Canada or Canada to the U.S.

00:00:41.420 It is actually very good for the average Canadian that tariffs go down on both sides of the border

00:00:47.060 including us ending our dairy cartel and supply management system that is actually making basic

00:00:53.800 products very very expensive for average Canadians by blocking out cheaper supplies not only just from

00:01:00.340 the United States but from provinces that are not allowed to have big dairy industries the way that

00:01:05.720 Quebec does. But I want to break a little bit this down and go to the online liberal reaction because

00:01:10.680 there are people happy that the trade negotiations fell through as if this was like a big win for

00:01:16.660 Canada to take off the United States an economy 10 times our size because I guess elbows up or

00:01:22.780 something. It's good that we actually alienated our biggest trading partner because elbows up this is

00:01:28.840 exactly what I voted for is what I'm hearing from a lot of people. And by the way I can prove to you that

00:01:34.880 this was not a problem with the Trump administration. I'm going to get to this clip a little bit later

00:01:39.540 but this is something that the Biden administration told us not to do. Don't implement the digital

00:01:44.900 services tax. It's effectively a tariff on the U.S. because how many large tech firms does Canada

00:01:51.240 have that engage in online services or selling of goods online? One, Shopify. It's like the biggest

00:01:59.220 tech company in Canada. It's the only one in our top 10 largest businesses and after that it goes like

00:02:06.060 really really far down before you're finding another digital services company in Canada. But before I get

00:02:12.000 into it guys I just want to remind you that if you like the show make sure to like this video, subscribe

00:02:17.260 to the channel if you are not yet a subscriber, and leave a comment on what you think about the whole

00:02:22.300 trade situation. But now let's get to this clip from Fox News where a Trump administration official

00:02:28.860 confirms that they had been telling the government not to implement this. And I want to get over also

00:02:34.240 and I'm going to debunk the lie that well this has been in place for an entire year. Why are they only

00:02:39.020 freaking about it now? People who are saying that don't know how government works but check this out.

00:02:44.280 You know we spoke with the Prime Minister about this at the G7 meeting last week. We urged them to

00:02:49.600 delay. You know they were setting a multi-billion dollar tax bill to our big high-tech companies

00:02:55.100 on the 30th of June. And we said delay it for 30 days while we're negotiating and they refuse to.

00:03:00.800 And the digital service tax is an extraterritorial really almost criminal act right. They're taxing

00:03:07.060 American companies who don't necessarily even have a presence in Canada. And so and it's a three

00:03:11.560 percent of revenue tax not profits revenue. And you know that's insane. I've been telling people that

00:03:17.120 I technically screwed this up in my previous video about it where I said the tax was 10 percent.

00:03:21.720 It's really that it has added 10 percent to the amount of tax that you know an Amazon or an Apple

00:03:28.360 or any company like that Google. Them operating in Canada they pay 10 percent more taxes because

00:03:34.580 they already pay corporate taxes of around you know I think it's something like 15 percent federally

00:03:41.120 but then most provinces also have corporate taxes around 8 to 12 percent. So they already paid 25 to 28

00:03:48.200 percent in corporate taxes and then we had three percent more for the dishonor of them having been

00:03:54.920 an online business. That's stupid. It's just and so they're saying that they were telling them not to 1.00

00:04:01.480 implement this and they did it anyways. They were giving them warning at the G7. I've been told by the

00:04:07.080 media that Mark Carney was handling the G7 so smoothly. Oh my goodness he looks so dignified. He looks so nice

00:04:13.080 in his suit standing there with other world leaders. He must be doing a good job when in fact

00:04:18.200 the Trump administration behind the scenes was telling him don't do that stupid thing. 1.00

00:04:21.880 They did the stupid thing and now we're in the stupid situation. But here is the digital services 1.00

00:04:27.880 tax page on the government of Canada's website. People keep saying this was implemented last year.

00:04:33.640 No it was not. This is what people are getting wrong. It says the digital service tax act received

00:04:38.920 royal assent on June 20th 2024 and came into force on June 28th 2024.

00:04:45.640 That does not mean it was implemented. It came into effect as if basically saying it is a real law

00:04:54.280 that can be used. So if that wasn't first given royal assent and then I believe yeah the wording

00:05:01.400 of it came into a force. Once it came into force now if they start implementing the tax it's legal.

00:05:07.240 They only started implementing the tax in Canada and going back and retroactively taxing companies for the

00:05:13.800 last few years. They're taxing companies to 2022. So if you're Amazon you're now paying three percent

00:05:19.880 or even like a Canadian brand like Shopify you're paying that three percent for 2022, 2023, 2024. 0.95

00:05:26.200 That's stupid and now you're going to have to pay it in 2025 as well. So the Trump administration 0.97

00:05:31.240 obviously see this as a big tax grab. The Canadian government is basically just taking seven billion

00:05:36.120 dollars from American tech firms mostly with that retroactive tax. It's insane and nobody should

00:05:43.000 be like defending this. This is not how you treat a trade partner during trade negotiations when we're

00:05:49.320 again supposed to be lowering barriers. But maybe this is just again the Trump administration freaking out

00:05:55.480 about nothing. It's them being sensitive to something that nobody else would complain about.

00:05:59.480 Okay well that's not true though and I'm about to show you a great clip that proves it. I am not a big fan

00:06:07.800 of Premier Doug Ford in Ontario. Awful Premier not conservative at all. But here is him pointing out

00:06:14.920 when Joe Biden was president that this is a stupid tax they should get rid of it because it's going to hurt us. 0.98

00:06:21.480 We need the federal government to pause the implementation of the digital services tax. The DST 0.99

00:06:29.880 is a bipartisan consensus in Washington. They are absolutely furious at us. I talk to Democrats. I

00:06:37.800 talk to Republicans and they are furious. They're furious with Canada over even considering what they view

00:06:46.360 as an unfair tax on American companies. Putting aside the fact that they'll never support bringing

00:06:52.600 in the new tax no matter what it is we cannot put millions of Canadian jobs in our historic economic

00:07:01.000 partnership with the U.S. at risk. I agree with Doug Ford there and again that was at the time when

00:07:07.880 people were saying oh it's already been passed why are they complaining about it obviously it wasn't

00:07:12.200 already passed. It was you know it was it hadn't been implemented yet it had been passed and he's

00:07:17.720 saying do not implement repeal this thing it's bad and I actually have to agree with Doug Ford here

00:07:22.680 because he's fully right even though it pains me to ever have to agree with the guy. There is this great

00:07:28.440 thread right here by this one writer Dan Knight that I'm going to be linking in the description below.

00:07:34.600 He does a great breakdown of just how catastrophic this whole thing was. I don't want to take any views

00:07:39.400 away from him. If you want to read it I'll have it linked in the comments below but I want to move

00:07:44.520 on to some other things. A lot of liberal reactions to what's going on here and so I like this this is

00:07:52.200 actually a really key thing to note too of just how nasty the Canadian government has been. Table

00:07:57.960 Salt here says major breaking. Canada is exploring a digital services trade agreement with the EU.

00:08:04.360 This on the heels of a major trade spat with the US regarding the digital the digital services tax.

00:08:10.360 Pretty soon we will be using Facebook the Czech social media app or Facebook. But and then Peter

00:08:17.800 McCaffrey to that says from the Alberta Institute only Canada would be in would introduce a tax on

00:08:23.000 something and then try to negotiate a trade deal around the tax. Just don't have the tax in the first 0.72

00:08:28.280 place. But it's not even that. That's just silly. This is us implementing it on American companies and

00:08:35.240 then saying European companies do you want to get out of it. What the heck. What why isn't the first

00:08:40.440 thing we said is no no let the US will figure out a way of you know not taxing you. No they want the

00:08:46.040 revenues because again if you guys weren't following it we have a 90 billion dollar deficit and Mark Carney is

00:08:53.800 not a financial wizard. No matter how much liberals say it he is not a financial wizard. He is a fool

00:08:59.800 who has spent too much money and now needs to try and generate revenues in any way he can. And the 1.00

00:09:04.200 digital services tax was implemented at a time where he would have been the economic advisor to

00:09:09.880 Prime Minister Justin Trudeau. This is probably Mark Carney's baby. He's not getting rid of it. He was

00:09:14.840 the one who probably told them to do it in the first place. Because do you think Justin Trudeau that

00:09:19.080 child was actually making any decisions for himself. He probably just did whatever Uncle Mark said

00:09:24.600 whenever he was there or Uncle Mark's is probably a better way of putting it. But here we have

00:09:30.040 Stephen Mayer and now we're getting into the liberal reaction. He's saying sovereignty is exercising

00:09:36.760 lawful authority over your country in areas of national jurisdiction even it displeases the tech giants

00:09:42.680 influential though they may be. This is not lawful authority in areas of your own national jurisdiction.

00:09:50.680 Now I'm not saying it's unlawful. I'm just saying it's not your national jurisdiction exactly when

00:09:56.040 you're taxing something that is so obviously mostly based in the United States. They're not taxing

00:10:02.120 you know something where it's mostly domestically produced. They're not you know taxing it's not like

00:10:07.720 some sort of food tax or gas tax or whatever because you know most of our oil and gas at least

00:10:12.360 in western Canada is from western Canada. You know a lot of it's also from western Canada in the east

00:10:17.560 they import elsewhere. But if you have a gas tax it's mostly a tax on a product already from here.

00:10:23.800 This is a tax pretty much where 90 percent of it comes from outside of Canada. So it's effectively a

00:10:28.840 tariff because nobody's unless you want to be obtuse and say well it's with Shopify is there. Okay

00:10:34.200 Shopify is there. I understand. They're not even in the ballpark of how big Apple, Google, Amazon,

00:10:41.080 all these other services are. And now they just pay three percent more corporate taxes. Oh it's only

00:10:45.640 three percent Wyatt. Well Mark Carney ran in the last election on how great his one percent tax under

00:10:53.480 fifty thousand dollars on income was. It's not even that good. It's a one percent tax reduction in a

00:10:59.720 bracket where you don't even pay for the first eighteen thousand. You don't pay any tax on the

00:11:03.400 first eighteen thousand you make federally. So you're getting one percent off of the tax rate

00:11:08.280 for the rest of it up to fifty thousand dollars. That was deemed a very substantial tax reform by his

00:11:14.760 campaign. And but it's not substantial. He's going to increase corporate taxes on tech firms by three

00:11:20.520 percent. You are out of your mind if you don't think that this was a major problem for the Trump

00:11:25.880 administration. Oh it's not that much money. Well when you're already being taxed to death

00:11:29.800 obviously you're going to complain about it going up anything. This gator gum person says O'Toole is

00:11:35.560 the most most reasoned voice in the conservative camp right now. O'Toole is not a conservative but O'Toole

00:11:41.400 the disgraced former conservative leader says this is negotiation and can be expected at this stage.

00:11:47.480 My advice to negotiators is to channel the golden five. Stay on target. Stay on target? On target for what?

00:11:55.320 The ridiculous tax? We're going to stay on. What do you mean? If we use this as maybe a carrot that 0.58

00:12:01.080 will get rid of it if you guys get rid of something then I guess that's something that the

00:12:05.720 Carney government's doing. But they were already wanting to negotiate with us over lowering their

00:12:10.920 tariffs if we get rid of our supply management system. Which again is good for the rest of the

00:12:15.800 country. Unless you are paid by the dairy cartel in Quebec you should be in favor of dismantling it.

00:12:22.280 It's bad for the overall Canadian dairy industry. We have Albertans being arrested for producing milk

00:12:28.440 over quota. That's how stupid the system in this country is. Stephen Mayer reacting to Brian Lilly 1.00

00:12:35.480 saying elbows up when Trump terminated the trade talk says Carney must give in to Trump's latest demand

00:12:45.160 or take the blame for Trump's violation of the trade agreement he signed. What do you mean we're

00:12:50.200 negotiating over a new trade agreement and also this tax is new. But everyone's acting like this

00:12:55.480 is just something crazy out of nowhere that happened. Everyone has acknowledged Joe Biden didn't like

00:13:01.400 the tax. Vice President Kamala Harris didn't like the tax. She would still be complaining about it if 1.00

00:13:07.560 that Herodin was currently the president of the United States. We have Mark Levesque here saying I'm

00:13:13.160 no fan of the DST the the digital service tax and supply management even less so. But to side with

00:13:19.320 Trump and not realize that this is just another one of his multiple excuses. Fentanyl, the border,

00:13:25.160 autos, lumber, the military and what else. The crap all over Canada is very disingenuous. No it's not. 1.00

00:13:31.960 Again, Joe Biden said it was a problem. Again, Democrats said it was a problem. And now we're

00:13:38.040 just saying well you want to side with Donald Trump. Well when he's right I'll side with him. My goodness.

00:13:43.480 This guy Roddy here says oh wait those who dislike our prime minister are rooting for another country

00:13:48.040 to win. How about you go f yourselves. I want our country to win and these guys are getting in the way

00:13:54.040 of it. That's the problem. This guy Jeffrey Lascombe says 55 Canadians are being detained by ice.

00:14:01.000 Stay home Canada. It's dangerous down there. I think they've got a bit they've gone a bit nuts.

00:14:06.200 And this isn't about trade but this is just the stupidest anti-American talking point I've seen. 1.00

00:14:11.000 This guy Coffee Time News says we've reached the point where it's on you if you're dumb enough to 1.00

00:14:16.280 travel USA. I feel safer taking a swim in the Nile with the crocodiles and hippos. 1.00

00:14:20.840 Um I've been to the United States a lot since Donald Trump has become president. I've been to

00:14:27.800 Montana twice. I've been to Texas. I've been to Nevada. It's been very friendly. Do you know why

00:14:33.240 people are getting arrested? Because they've done illegal things. The last guy the media highlighted.

00:14:38.440 Oh man dies in ice custody. Yeah he's a drug trafficker. Well he's a Canadian who died in ice custody.

00:14:43.880 He hasn't lived here since 1988. Good sir. He's not even a US citizen. He's just failed to ever become

00:14:49.720 a citizen. Probably because he's a drug trafficker. And then he died. Like what do you think people 0.93

00:14:54.840 he really broke his neck. He just died in prison. Because you know he's probably the type of guy

00:14:59.000 who's also on drugs. This other person Phil Magnus says reminder that Trump does not have the

00:15:04.680 constitutional authority to unilaterally set tariffs with Canada or any other country. All this bluster is

00:15:10.520 contingent on an international uh in turn intentional misreading of trade statutes by the administration

00:15:17.000 which is currently working through the appellate courts. No. It's an executive policy. If the

00:15:23.560 executive can do anything in the United States it's raise tariffs. They can do that. They basically

00:15:29.240 the executive can take military action and raise tariffs. That's like the two big things you can do

00:15:34.200 as president. But we have these morons out there who think he doesn't have he doesn't have the 1.00

00:15:40.200 authority to do this. He's got to go through congress. No he doesn't. That's not how that works. It's the 1.00

00:15:45.560 the U.S. government gets to control the borders which means that they control trade. And and now

00:15:50.040 we have these guys like Guy Felica here or Fili Kia or whatever. Someone told me I pronounced his

00:15:55.800 name wrong. He's a wife abuser who advocates for safe supply. So I don't give a crap about him.

00:16:01.960 But he says to everyone freaking out Maple MAGA about Trump ending trade talks of Canada. Just a 0.94

00:16:06.600 reminder Mark Carney already mentioned months ago that he would be you that he would do just very thing.

00:16:11.720 They're acting like this is what Carney ran on. Yeah he's saying that the relationship is over

00:16:18.040 but he never marketed himself as the guy who's going to shoot a trade deal in the head himself.

00:16:22.680 The old relationship we had with the United States based on deepening integration of our economies and

00:16:27.960 tight security and military cooperation is over. It's my solemn promise that when President Trump

00:16:35.400 threatens us again we will fight back. We will fight back with everything we have to get the best

00:16:42.040 deal for Canada. See but that's what the guy and these people are missing to get the best deal for

00:16:48.200 Canada. He didn't market himself as someone who's going to randomly impose a tax that's going to screw

00:16:53.400 up the negotiations completely. Here's the last couple I'm going to look at. Pascal Engelhardt here says

00:16:59.880 Canada can't even win a trade war against its own provinces but sure let's lecture the US on

00:17:05.000 economics. I think that's a great comment there but then John Mark Taylor up here says the digital

00:17:09.880 service tax can stay or it can go but that decision will be made by Canadians in the interest of

00:17:15.000 Canadians. The best interest of Canadians is to get rid of it. It's obviously to get rid of it. A 3% tax

00:17:21.960 on consumers is also what's going to happen here. It actually might even be more than 3% on consumers.

00:17:26.280 Canadians are going to pay higher prices for this and it sunk the trade deal which Democrats and

00:17:31.640 Republicans were telling us it would and now we're being like oh my goodness why did Trump do this to

00:17:36.200 us? Why do we do this to ourselves? This is the problem in Canada. We will shoot ourselves in the

00:17:40.360 foot and say oh my goodness why are why is reality so mean to us? Why doesn't reality just let us win?

00:17:47.400 Reality is not going to let you win children. You actually have to react like adults in this world.

00:17:52.120 You actually have to when that administration, two administrations, Biden and Trump told you don't

00:17:57.320 do that you're basically just taxing our companies that don't really even headquarter in your country

00:18:02.200 but now you want 3% of all their revenues or all at least all their revenues in your country.

00:18:07.080 Um no don't do that if you want us to sign a trade agreement or if you guys don't want us to rip up

00:18:11.400 Alaska. We do it anyways. They do what they said they were going to do and we're like oh my goodness

00:18:15.240 how could this ever have happened to us? Who could who could have foreseen this? They must be some

00:18:21.400 seer or medium to know that this was going to happen. My goodness okay one more one more we have here

00:18:29.080 Peter Ratcliffe, forever Canadian, Trump the man of zero trade deals in 90 days can always reinstate

00:18:35.080 USMCA and tell all the tell that he has a full functioning binding trade deal with Canada-Mexico

00:18:41.560 agreement to sign and to sign by him. I think this is a little messed up. US trade the tariffs hurt US

00:18:47.880 citizens and US companies. US is self-harming. It's them against them. Sorry is the digital services

00:18:55.080 tax not hurting us? Is not having a trade agreement a proper one having tariffs between and the US

00:19:01.000 helping Canadians? Again people liberals are celebrating this. By the way no one in the liberal

00:19:06.280 government has said anything because guess what they know they messed up. They know they messed up.

00:19:10.280 That's why they're saying not a word because they are probably begging them to come back to the table

00:19:15.320 but also trying to keep the digital service tax on the table not wanting to get rid of it.

00:19:19.320 These people the fact they haven't sounded off yet should tell you that they've been caught. 0.99

00:19:23.320 Trump walked into the room said okay idiots we're not doing a trade talk anymore and now they're like 1.00

00:19:30.360 what do we do? He's like it's like it's almost like they need to call up Justin Trudeau get him on 1.00

00:19:34.760 the horn because maybe he's going to have more of a clue than the current chuckle idiots 1.00

00:19:38.760 that are in the government. Anyways so like the video, subscribe to the channel, 1.00

00:19:45.080 leave a comment. I'm about to go to a conference here but this was all very annoying. See you guys later.

The National Telegraph - Wyatt Claypool - June 29, 2025

Carney SCREWED Up trade talk with Trump! Liberals are happy

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