00:00:00.000Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph's YouTube channel.
00:00:06.100Although the Canadian legacy media really wants to defend Prime Minister Mark Carney on the
00:00:11.600Gordie Howe Bridge issue, eventually they have to give it some substantial coverage,
00:00:17.000and when the facts are so against Carney, it's really difficult for them to sweep it under the
00:00:22.320rug. When they asked him a question about the problem with the Gordie Howe Bridge,
00:00:26.820He absolutely fumbled all over himself, clearly not actually having a good excuse yet for
00:00:33.020why he basically let Donald Trump eat his lunch on a bridge that Canada paid for 100%,
00:00:39.380and yet the Americans are going to get 50% of the toll revenue from the bridge.
00:00:45.640Check out this clip of him trying to answer questions at the Calgary Stampede.
00:00:51.820Well, I think there's a couple of things about the deal.
00:00:54.580First, I'm happy the bridge is going to be open.
00:00:56.280Yeah, we need it. We need it because we're expanding.
00:01:00.080Second thing is the word net does a lot of work in this.
00:01:04.500We are sharing after Canada is paid back.
00:01:08.740So we get the revenues, then the servicing of the costs of the bridge and paying the debt of the bridge.
00:01:15.000And then what's left over, there's a split of that for 15 years.
00:01:19.480And the U.S. money is invested back in economic development in the region, the U.S. side of the region, obviously.
00:01:26.280That just means money for Michigan. And no, the deal is just 50-50 revenue splitting. Yes, there's maybe going to be a little bit of a reserve of money put towards actual like maintenance and operations of the bridge that doesn't get split.
00:01:40.520But after that, which is a minor portion of the toll revenues every year, 50% of it is going to the state of Michigan, and 50% of it stays with the government of Canada.
00:01:52.140This is absolutely pathetic, considering it was just a few days ago in Saudi Arabia, he said, we just need to clarify a few things.
00:01:59.400Once we basically tell Donald Trump how wrong he is, he's going to back off.0.98
00:02:04.160And then that didn't happen because he's terrified of Donald Trump.
00:02:07.060He doesn't want to actually negotiate with him.
00:02:08.760And so he so often just gives him a bunch of concessions
00:02:12.680to basically avoid actually having to get into the room with him
00:02:32.360You let him eat your lunch, but you just basically said,
00:02:35.040well, there's not going to be a lot of lunch
00:02:36.600for the first few years of the bridge's operation, it's like, okay, well, this is a deal that goes on
00:02:43.560forever. It's like saying, yes, we're completely screwed, but at least for the first few years of
00:02:50.220being completely screwed, it's not that bad. And then it gets really bad after that. And by the0.92
00:02:55.320way, the bridge is probably going to take on a lot of traffic very quickly. It may even take away
00:03:01.400about 50 to 60% of the traffic of the Ambassador Bridge and take it for itself because it is going
00:03:07.780to have lower fees. Although another stipulation in the deal is that the Americans can actually
00:03:13.800push for the tolls to be higher, which ends up undermining the whole competitive advantage
00:03:18.640of having built the Gordie Howe Bridge in the first place. But Mark Carney is pretending
00:03:24.480that the defeat is not actually the defeat because certain aspects of the defeat are not
00:03:30.520as bad right now as they're going to be in a few years like i don't even understand how
00:03:34.900even on his toes this sounded right coming out of his mouth uh and what's really good is getting
00:03:41.500the bridge done on on on on time uh on budget uh and to and to build up together and by the way
00:03:49.800he had effectively zero to do with actually getting the bridge built considering he only
00:03:54.380became prime minister at near the start of 2025 this is actually a justin trudeau and probably
00:04:00.260a government of Ontario and Windsor project. But whatever, apparently he wants kudos because
00:04:06.640the bridge is opening. Yes, we got fleeced to open the bridge up on the date the bridge was
00:04:12.300always supposed to open up. It's not like we fast-tracked opening the bridge up by like a
00:04:16.900year or two, and so maybe it's okay to do the revenue sharing right now because the economic
00:04:22.340impact will balance that out. No, he just got completely washed by Donald Trump for no
00:04:30.160reason. But now I want to jump over to a segment on the CBC where one of my favorite MPs,
00:04:36.380Shavloy Majumdar, was on. He is the current conservative critic for U.S. relations, which,
00:04:42.420although it sounds like a more niche area of policy to cover as a critic, these days,
00:04:48.540obviously, I think we can all agree that that is actually a really big deal. And I actually want
00:04:53.120to issue a bit of a correction on myself from a couple of days ago, nothing that serious.
00:04:58.280But I ended up talking about the Gordie Howe bridge issue and the letter that Chavloy Majumdar put out.
00:05:05.780But I only read most of the first page and I kind of neglected the third page where it actually kind of picked up.
00:05:12.140Because Chavloy and the Conservatives ended up putting out this bullet point list of the things that they want answers on when it comes to the deal that Mark Carney cut.
00:05:21.860And then he's going to be going on to the CBC and talking about this with the worst CBC host, somehow worse than Rosemary Barton, David Cochran.
00:05:31.780So number one here on Chauvelin's letter says,
00:05:35.580Will you immediately release the full agreement, including all amendments, side letters, financial arrangements, and commitments to the United States?
00:05:44.140Number two is what precisely will be divided, gross toll revenue, operating to profit, net profit after expenses, or revenue after Canada has fully recovered its investment?
00:05:55.700Now, from what Carney just said, it sounds like it's a little bit in the middle there with some operating expenses.
00:06:02.040It's then going to be cut after that, not after Canada has actually recovered its investment money.
00:06:06.900number three here says will any bridge revenues be transferred shared or placed in the economic
00:06:13.020development fund before canada taxpayers recoup the project's full cost that looks like a big fat
00:06:18.580no four what does the government project this 15-year fund will distribute and sorry and how
00:06:27.820much will be spent in canada versus the united states number five what new authority has been
00:06:34.140granted to the United States over toll rates? Did American officials block increases, demand
00:06:39.000decreases, or otherwise slow Canada's recovery of its investment? Did the agreement after the
00:06:45.300bridge's ownership governance liabilities or the original timetable for recovering Canada's
00:06:50.100contributions? Or did the agreement alter our timetable for recovering our costs?
00:06:55.920Seven, what did Canada receive in return beyond American agreement not to obstruct the opening
00:07:01.180of a bridge that Canada alone paid to build. And number seven on this list might be the most
00:07:07.060important point. What else did we get? Because my goodness, Mark Carney negotiating guru as he
00:07:14.360marketed himself back in 2025, you know, maybe he should have used this as a little leverage on
00:07:20.880trade, maybe instead of just getting rid of the digital services tax and tripling of the streaming
00:07:25.680tax, and a bunch of these other things that we've basically gotten rid of, because Donald Trump
00:07:29.840one of them gone. How about we use that and say, you know what, we're going to package up all these
00:07:34.320policies you don't like. I mean, these policies, we should just get rid of anyways, because they
00:07:38.240suck. But I'm going to package up all these policies. And if you agree to basically drop0.96
00:07:43.040a bunch of your tariffs, I'll get rid of these things. Then you're playing hardball. And on the
00:07:46.960bridge, the suggestion I made is that midterm season is coming up for Donald Trump. Mark Carney,
00:07:52.500if he wants to be a little bit cheeky, I would line up a bunch of empty trucks right in front
00:07:56.800of the bridge and say, we're all ready to come over. Why doesn't Donald Trump just sign,
00:08:01.220basically allow it to open and we can start economically enriching Michigan? Because if
00:08:06.020you don't do that, you're going to have a lot of angry people in the state of Michigan that
00:08:09.840they're not going to have a second export and import route opened up with Canada. There's
00:08:14.540going to be a lot of people ticked off on the other side of that bridge, wanting it to open
00:08:18.760that the Republicans need for the midterms. Now, I say this as someone who'd probably even
00:08:23.400vote Republican if I lived in the United States. Of course, it always depends on where you're at.
00:08:28.340Sometimes if you're in a super blue state, you may have to vote in the Democratic primary to0.83
00:08:32.640block the more crazy progressive Democrat. But that's me going down a rabbit hole there. But
00:08:36.880you're going to have more pressure that way, more leverage on Donald Trump if you actually play
00:08:41.800hardball. But Carney's incapable of hardball. Carney wants every negotiation to be coffee and
00:08:50.300chocolate eclairs in the morning and we talk about how much we agree and how we should come
00:08:54.620to a mutual understanding that benefits both of us. That's not the power games of United States
00:09:00.260politics. You can't just go in, swagger into the office and say, well, you know, Trump, you're
00:09:04.860actually kind of wrong about everything and you should give me everything I want. Not how it works.
00:09:09.620You're not going to win by telling Donald Trump that he's wrong. Now I just want to jump into
00:09:14.280that CBC news segment. And then after that, we might go to a video from Pierre Polyev that he
00:09:19.980ended up putting out this morning. So here is the segment with Shavloy Majumdar, the conservative
00:09:25.280critic for U.S. relations on CBC with the awful David Cochran. In a letter to the minister responsible
00:09:33.260for Canada U.S. trade, several conservative MPs wrote, Prime Minister Carney has negotiated a
00:09:38.680terrible deal for Canada. And amongst their list of demands from Minister Dominic Reblanc was
00:09:44.020a request to immediately release the full agreement, including all amendments, side letters,
00:09:49.340financial arrangements, and commitments to the United States.
00:09:54.220Shuvuloy Majumdar is the Conservative MP for Calgary Heritage
00:09:57.240and the Conservative Canada-U.S. relations critic.
00:10:00.000Shuvuloy Majumdar, good to see you again, sir.
00:10:04.040So this deal, there are still many things we do not know about the dollar amounts.
00:10:09.160The Prime Minister insists it's a good deal for Canada.
00:10:11.840Your letter, you call it a terrible deal.
00:10:14.400How do we draw conclusions at this point?
00:10:16.460How do we draw conclusions, Mr. Cochran?
00:10:19.340I know in other interviews, that's just the interviewer posing a general question for the
00:10:24.360person to answer. David Cochran is saying that because he really doesn't want the liberals to
00:10:29.400be in trouble. How do we know, Mr. Chevaloy, how do we know that this is actually a bad deal?
00:10:35.220Yes, there is basically a portion of the deal where the Americans get to kick us in the pants
00:10:41.080for like the next 50 years straight. Yes, basically the entire thing is absolutely the
00:10:47.060opposite of what Carney had stated he wanted at the start, just opening the bridge with the 100%
00:10:52.380toll agreement that we had in the first place. But how do we know it's bad just because all that got
00:10:58.080cut in half arbitrarily? There's a matter of transparency that I think the Canadian public
00:11:05.300deserves to understand exactly what's being negotiated. We haven't seen anything about
00:11:09.300side letters or side agreements that might be associated with the deal. We don't know exactly
00:11:14.660how the deal will work we don't know who will govern the economic development agency that
00:11:18.980is referred to in this deal um what authority has been granted to the united states over toll rates
00:11:25.220uh will they have the opportunity to block or expand toll rates moving forward um there's
00:11:30.100so there's a lot of questions that i think are fair questions fair-minded questions for the
00:11:34.740government to be transparent about uh before opening the bridge in full um and so we've only
00:11:40.100been getting a drip and drab of all of that coming out and um you know for the auto workers lumber
00:11:45.780workers steel workers and aluminum workers who are putting their goods on that bridge and are
00:11:51.300looking for economic certainty uh certainly the opening of the bridge is a moment of canadian
00:11:55.860pride it's long been coming it was a project that started many years ago and i think is important
00:12:01.220to the future of our economy yeah well what we do know at this point is it's uh set to open and of
00:12:06.340Of course, it's been scheduled to open before on July 27th.
00:12:09.680And that's when the 15 year clock on whatever this agreement is, that's when it begins.
00:12:14.220That's what I'm told. Now, it is half of the profits for that 15 years, not total revenues, just profits.
00:12:21.580And what the prime minister has said is, you know, that's after operating costs, you know, salaries, paying back some of the capital, some of the interest.
00:12:30.020So there might be five. No, no, no. He actually fudged that one. It's not paying back the capital.
00:12:34.320Yes, you can technically put that money back to paying back the capital. That's what we can do with the money. But it's not like they only get the 50-50 split after we put our money back towards paying back the capital. If that was true, 100% of it would go towards that because that's going to take a very long time for us to pay back the $6.4 billion it took to build the fridge.
00:12:55.120But David Cochran slipped in there making it sound like, no, it's like 50-50 profit sharing after like 90% of the money gets burned up on other costs.
00:13:05.280No, this is going to be quite a substantial portion of the total revenue that is being split 50-50.
00:13:13.040When before, the whole idea was we'd get 100% of it, until which point we got the $6.4 billion back, and then it would start being split 50-50.
00:13:23.080Now, it's being split 50-50 from the very beginning, and even after that, if the bridge then finally gets paid off, it goes back to 50-50.
00:13:32.020So if you go 15 years, 50-50, then it could go to 100% Canada maybe for a bit, but then once we hit the $6.4 billion, it goes back to 50-50.
00:13:40.700This thing may take like 100 years for it to pay itself off. It's absolutely ridiculous that we agreed to this.
00:13:47.380six, seven years where there really isn't a profit, and that will cut into the actual
00:13:51.620value of the concession to the Americans. Do you buy that assessment? Does that make sense to you
00:13:56.940based on how a lot of mega projects and infrastructure projects would work?
00:14:01.120The concession that would be provided is, I mean, it's a part of clarity that we need,
00:14:05.840but more importantly, it's a concession. What did we get for this entire negotiation more widely?
00:14:11.200Here we are sitting as a government and a country negotiating a bridge that Canada paid for that
00:14:16.460we now need American permission to open, to have access and to fulfill the deal.
00:14:22.680But more widely, the Gordie Howe Bridge rests alongside a long list of concessions that
00:14:29.340have been made by this prime minister over the last 15 months on the DST, on the Netflix
00:14:34.420tax, on defense spending, on the Gordie Howe Bridge.
00:14:38.200I'm really loving the points he's making here because they're the same points I made.
00:14:41.640And as always, I would like to clarify, I actually do not preview CBC clips or any news
00:14:45.900clips I have on the show. I just know what players are involved. I heard that the segment happened
00:14:51.020and I played it here. So A plus ratings across the board to the way that Chivaloy is talking about
00:14:56.400this issue, because that is the crux of it all here. How long have we been negotiating with the
00:15:01.460Americans on trade and have gotten absolutely nothing? We blew past all of Mark Carney's
00:15:06.840dates for getting a trade deal in 2025. And we're about to have the anniversary of those dates this
00:15:12.740year and we're making concessions on a bridge and not no one in the room dominic leblanc mark
00:15:17.660carney anyone else isn't thinking hey how will we tie this to at least getting some tariff relief
00:15:22.580not even not even considered on i can go on and on these are all piecemeal issues that
00:15:29.020belong as part of a wider negotiation that canada should be having for north america for the united
00:15:34.700states uh that span our economic and security interests for 15 months we watched the prime
00:15:40.060minister gallivant around the world on a range of pet projects, whether it's partnering more
00:15:45.420closely with Beijing or organizing middle powers in Europe against America, but then reverse course
00:15:51.780to say that we need to build a fortress North America, that integration actually is important
00:15:57.840and not subordination, and now these individual issues. I'm wondering what Canadians are actually
00:16:04.060getting for all of this after 15 months of the prime minister's approach well in that um in that
00:16:10.160i'd like to understand what we've got from the gordie howe bridge well i i think what seems
00:16:14.240clear to me uh is that what canada gets is the bridge opens right because because dude david
00:16:20.160shut up you know we don't get that we already were supposed to have that what is this it's just
00:16:27.060like if a mugger told took your wallet ripped everything out of it then gave you your wallet0.98
00:16:31.440back well we have the wallet still well it's not all you know all is not lost there's no reason for
00:16:36.420us to you know start start you know taking out the rope and the rickety stool we got the wallet
00:16:41.800back it's like great and we had to give up all for money to get the wallet what are we talking
00:16:47.280about david this is this is another agreement no no no look i'm not i'm not okay he knows
00:16:54.200chavlois is going to call him out and he's like insecure about it what seems clear to me uh is
00:17:01.600that what canada gets is the bridge opens right because because this is this is another agreement
00:17:06.100no no no look i'm not i'm not saying it is this is another agreement then it was uh stephen harper's
00:17:12.340government that that did the bridge agreement that the u.s has reneged on and insisted on some
00:17:17.660sort of reopening and a change in terms do you notice the little rhetorical pivot he just did
00:17:23.340there. Chavloy basically checked him very, just, you know, just kind of gave him that little bit
00:17:27.560of rhetorical wink at that. I know exactly what you're doing here. You're trying to pretend this
00:17:31.400is somehow Mark Carney snatched victory out of the jaws of a defeat. No, this is him snatching
00:17:37.380defeat out of the jaws of victory. And now he's like, no, no, no, I'm not saying that it's a good
00:17:42.580thing just because it's opening on time, even if we gave all this stuff up. But, you know, and then
00:17:47.080what did he say here? I'm almost forgetting it was so stupid.1.00
00:17:50.040done and insisted on some sort of reopening and a change in terms agreement. Then it was0.99
00:17:56.620Stephen Harper's government that that did the bridge agreement that the U.S. has reneged on.
00:18:01.420Oh, yeah. And now he's now he's pivoting to, well, the U.S. reneged on the deal.
00:18:06.700Well, really, we should all just be sitting around blaming Donald Trump. If you think about it,
00:18:11.300we should blame Donald Trump. Do I blame Trump and the Americans for having challenged the bridge
00:18:16.500deal? Yes. Yes. But it happened. Now, what is Mark Carney going to do? Because we can't keep
00:18:24.020going back to, well, you know, well, Donald Trump did something. It's like, you're the leader of
00:18:31.120Canada. You're the leader of a G7 country. Can you put your big boy pants on for like five seconds
00:18:35.680here and figure out how you could maybe use your expert negotiating skills to get us out of this
00:18:40.780one? You've dealt with Donald Trump before, as Mark Carney said at one of his liberal leadership
00:18:45.400campaign stops. I've dealt with Donald Trump before. Do it again? I don't know. I feel kind
00:18:54.680of stupid even having to suggest that maybe you do the thing that you said that you can do.0.73
00:19:00.260But again, David Cochran here wants the viewership. He is a media flack for the Liberal Party,1.00
00:19:06.000and he wants the more default voting Liberal audience of the CBC to be like, no, no, no,
00:19:11.740It doesn't matter how badly Mark Carney messed up. Remember, it was it was Donald Trump's fault for throwing a problem at him, because as we know, prime ministers aren't supposed to be able to solve problems.
00:19:22.860They're not going to be supposed to be able to talk tough and play hardball. No, not not the prime minister of a country. That's an easy job.
00:19:29.660That's like a country club lounging around Chubb. Donald Trump just like, you know, pulled off of Pearl Harbor on Mark Carney.
00:19:38.680What is he supposed to? What is he supposed to do something about it?
00:19:43.500Gaffa, sir. And insisted on some sort of reopening and a change in terms because the bridge does land on the U.S.
00:19:51.180side and customs is controlled by the federal government, even though the partnerships with Michigan and they use that leverage to extract this,
00:19:57.460extract this concession, whatever it is. Now, I've tried to get a sense of the dollar amount,
00:20:02.280at least the order of magnitude of what the profit sharing could be. And as we are having
00:20:06.320this conversation, I have no clarity on that. So it's one of two, three conclusions. They don't
00:20:11.240know, which I think is unlikely. It's so big they don't want to say because it's embarrassing or
00:20:15.860it's not that meaningful. And they don't want to say because they don't want to antagonize the
00:20:20.000president. It's got to be somewhere in that range of options, it seems to me. But it doesn't seem
00:20:24.560like we got anything except the bridge is opening at the end of the month. I agree with you we didn't
00:20:29.500get anything. Finally David Cochran got back to like rational thought for once in his life and
00:20:34.560realized that we didn't get anything. Before this and that's my big concern you know I had been an
00:20:41.220advisor to Stephen Harper and John Baird in the time that this bridge had been negotiated. The
00:20:47.220relationship with the United States that Canada holds is a wide-ranging and very complex relationship
00:20:51.860of many issues spanning our entire economies and our security framework. What we have seen in the
00:20:59.420last decade or so is the emergence of China and its weaponization of commercial relationships,0.95
00:21:05.160which have profound consequences for our energy, our infrastructure, our investment,0.94
00:21:10.400and our security posture. Now, KUSMA, through successive American administrations, Republican
00:21:17.840and democrat and the congress has been principally about how we manage our security and our prosperity
00:21:24.720in this context and in that the negotiation approach that canada needed to bring to washington
00:21:31.200when it came to something as vital to our future as kuzma and tariffs and these individual issues
00:21:37.760like the gordy howe bridge are needs to sit back and say there's a wide array of issues that are
00:21:43.360the canadian interest and on those interests we need to sit across the table from washington
00:21:48.240and come to a wider deal the longer we dilly daddy and donald around on these issues
00:21:53.840and not come to an actual agreement on how canada will survive and succeed in north america
00:21:59.440the more vulnerable we will be to ad hoc negotiations like we've seen the one imposed
00:22:04.400on the gordy howe bridge i mean the prime minister has our sympathy for dealing with
00:22:07.600an unpredictable and tough negotiator in washington he does not have our sympathy
00:22:11.680from not having been serious about the success of Canadian workers