The National Telegraph - Wyatt Claypool - Former Liberal Chrystia Freeland SLAMS Carney's Terrible Trade Deal!

00:00:00.720 the canada u.s trade agreement that prime minister mark carney is signing with president donald trump

00:00:06.720 is so bad that former liberal finance minister and deputy prime minister christia freeland

00:00:13.280 went on bloomberg today to rip it as being deeply unfair for canada as carney has signed an

00:00:19.600 agreement that leaves in place tariffs on canadian exports into the u.s while american exports into

00:00:26.080 canada are tariff free check out this video then we're going to talk about some other stuff related

00:00:32.000 to this clip i i think that is a bad outcome for canada to have permanent tariffs on our steel

00:00:37.680 aluminum cars and carport parts really harmful for those sectors but i think it's a bad outcome for

00:00:44.240 the united states as well uh it's really important for people to recognize that you can lose by

00:00:52.240 winning if you've defined winning in a way which is self mutilating. I would say Brexit,

00:00:59.520 the British decision to leave the EU is a great historic example of losing by winning.

00:01:05.360 And in this case, I think it's really important for Americans to understand

00:01:10.880 that putting permanent tariffs on Canadian steel and on Canadian aluminum hurts US manufacturing.

00:01:18.860 These are inputs into the U.S. manufacturing sector, and you are choosing to make your own manufacturers weaker.

00:01:27.480 The tariffs that were imposed in 2018, there have been a lot of academic studies on the impact, and the net impact was harming U.S. manufacturing.

00:01:36.560 I wanted to play that full clip so you did absorb the full point that she was making.

00:01:41.120 Now, she is actually right.

00:01:42.340 The funny thing about the tariffs is that it's not actually explicitly good for the U.S. economy.

00:01:47.860 it's good with the relationship they've now organized with Canada where they sort of soften

00:01:52.820 the blow of their own tariffs on themselves so their consumers aren't going to feel the impact

00:01:57.460 so much because their export market into Canada is going to be supercharged by the fact that Canada

00:02:03.420 is really no competition to American firms because they can now no longer really export

00:02:08.620 into the United States because of the 15% tariff on our auto still the 25% tariff on steel and

00:02:15.660 aluminum. I'm still not sure what the tariff rate is going to be on softwood lumber. I'm not even

00:02:19.920 sure if it was dealt with here. And we have 15% tariffs on things like car parts as well, which

00:02:25.600 affects provinces outside of Ontario. Manitoba's a big one. That's why Wob Canoe these days looks

00:02:32.420 like someone shot his dog while he's trying to take jabs at Donald Trump to pretending to be a

00:02:37.580 tough guy. But I want to talk about the thing she said at the start there. This is a bad deal for

00:02:43.200 Canada. She is explicitly saying that what Mark Carney has put down is not good. He is somehow

00:02:50.760 going to try and turn this into a victory, even though when the tariffs first came down on our

00:02:55.780 economy, we were rightfully not happy that we were hit with 25% tariffs on steel and aluminum.

00:03:02.240 Sometime in mid-2025, Trump doubled them, probably as a negotiating tactic. And now,

00:03:08.100 a year and a half later from when Mark Carney first became prime minister and was dedicated

00:03:12.540 to dealing with the tariff issue, he is now going to try and make us swallow the pill

00:03:17.060 of the exact same tariff rate that he had first set out to try and lower or completely eliminate.

00:03:24.220 It's absolutely pathetic, and you know that the media is going to try and spin this for them.

00:03:28.700 I want to now jump over to a clip from the CBC today, because I think that conservative critic

00:03:35.220 for Canada-US relationship, Loy Majumdar, knocked it out of the park by referencing this interview

00:03:40.580 by christia freeland because my goodness if the former finance minister the one that was i believe

00:03:46.280 finance minister right before the current one is saying that this is a bad deal the person who

00:03:50.340 negotiated the original kuzma usmca agreement is saying this is a crappy deal you know it's a crappy

00:03:57.140 deal because remember back in the day freeland was actually kind of criticized in that agreement

00:04:01.680 for allowing for some lopsided tariffs on certain canadian products and those were low tariffs those

00:04:07.440 are like six percent tariffs on canadian cars going into the united states low single digit

00:04:12.560 percentages which are paltry by the standard of what carney is going to be leaving in place but

00:04:17.760 i'll let shavoy majumdar take it away here former finance minister christopher freeland's interview

00:04:23.040 on bloomberg today where she described a structural weakness of tariffs that are one-sided unilateral

00:04:29.840 one-sided tariffs that are focused on de-industrializing our economy is an existential

00:04:34.320 risk to the country um and the prime minister had promised a better deal a deal that would be good

00:04:39.600 for the canadian uh all aluminum workers lumber workers steel workers and um other manufacturing

00:04:46.160 auto workers um the permanent disadvantage of permanent tariffs is an obvious concern that

00:04:53.120 premiers would have that the opposition has and i'm sure mr carnegie's own caucus has when it

00:04:57.440 comes to the direction that he's taking these negotiations of course we haven't seen the deal

00:05:01.520 yet, I think it's probably important for us to take a measure of what is ultimately announced,

00:05:07.060 if it is announced, and then have a chance to respond accordingly.

00:05:11.440 Absolutely right. And I think so many of the premiers who backed the elbows up strategy

00:05:16.040 of just pure obstinance until the last second where they got threatened enough that they just

00:05:20.800 signed the worst deal on the planet. These people have to explain why they're going to let Mark

00:05:24.780 Carney get away with that. Because the whole idea was that we're going to take the booze off the

00:05:28.460 shelves, we're going to put up counter tariffs, and we're going to wait until the Americans give

00:05:31.720 us what we want. Okay, not a great idea considering we're the weaker economy, and not just because

00:05:36.860 we're smaller. We are per capita weaker because of terrible liberal policies and terrible policies

00:05:42.500 provincially in many of the provinces. I want to now jump to a clip of Wab Kanu, the premier of

00:05:49.460 Manitoba, still talking tough today when he's questioned about his jabs at Donald Trump in the

00:05:55.040 aftermath of this deal apparently being struck, we'll probably get the finalized version of it

00:05:59.680 at least announced sometime today. Although I think Mark Carney is going to try to move heaven

00:06:04.260 and earth to not reveal the text of it for a few days while advanced polls are on in the

00:06:08.340 by-elections. But here's Wab Kanu. It's true. Everyone saw that Entertainment Tonight video,

00:06:21.080 the two of them together and that was before ai it's true he's just still taking shots at donald

00:06:28.500 trump if you haven't seen that video like if you haven't if you didn't hear the audio there because

00:06:33.280 it was a bit quiet he's taking a shot at donald trump over like epstein and there's other videos

00:06:39.120 from yesterday where he's attacking donald trump and he's saying i don't care if he's offended by

00:06:43.200 my words and yeah we'll put the booze back on the shelves but uh don't buy it everyone just don't go

00:06:48.440 don't go and buy it. What a coward. Do you know how I know he's a coward? Because it's easy to

00:06:55.480 take shots at Donald Trump in Canada. Donald Trump's never going to watch a clip of Wob 0.71

00:07:00.140 Canoe talking. He doesn't know who he is. Donald Trump has probably around like, what is it,

00:07:06.600 probably like several dozen cities in America that have a higher population than Manitoba does

00:07:11.840 as an entire province. He doesn't care what Wob Canoe says. It's an easy jab to make as an MVP

00:07:17.220 politician in manitoba do you know what actually takes some courage but wab canoe will not do it

00:07:23.040 because he's a coward tell mark carney his deal sucks tell him we're not going to go and do this 0.52

00:07:28.860 stupid frontal assault for you on this terrible deal and go face the voters on something that is 0.90

00:07:34.980 not good for our province because manitoba has steel mills manitoba has car parts manufacturers

00:07:41.140 and other parts manufacturers that are going to be subject to these permanent 15 and 25 percent

00:07:47.120 tariffs. But Wobb will not do it because Wobb is a child. He likes to take shots at Trump,

00:07:53.180 but when he has to actually face Mark Carney and tell him that he's signing a terrible deal for

00:07:57.940 Manitoba, he's not going to do it. He doesn't care if jobs are going to be lost. This is actually

00:08:02.320 the time to be elbows up and tough, to say, I'm not going to take a terrible deal. But Mark Carney

00:08:07.200 has basically maneuvered himself into a rhetorical corner where he doesn't think he can do anything

00:08:12.120 but take this bad deal. It's almost like this entire time they should have listened to the

00:08:16.840 conservatives because the conservatives had far more realistic ideas on how to actually get a deal.

00:08:24.260 Now, that was kind of all I had to say for this video, but I do want to mention one more thing.

00:08:29.240 I didn't want it to be a super long video in terms of the trade content because we're going to get

00:08:32.480 way more of it tomorrow. I just want to mention this thing to say screw CTV News. CTV News has

00:08:39.600 made a copyright claim on the video I shot and published earlier today. Why? Bell Media on behalf

00:08:48.040 of CTV News has copyrighted my video because I played a minute and 14 seconds of a CTV News clip

00:08:52.860 that I was using for context for what was happening and my critique of how the legacy media was

00:08:58.360 covering the J.D. Vance tape of him calling Mark Carney weak because CTV News neglected to actually

00:09:05.620 include the parts where J.D. Vance was talking about Mark Carney puffing out his chest but then

00:09:09.800 being a weakling and how the Trump administration was laughing at him. All they focused on was the

00:09:14.940 Pierre Polyev and Jamil Javani side of the story to try and take a critical shot at them. It's

00:09:20.180 absolutely wild. So I made this post on my X account and I've been told by Northern Perspective

00:09:26.200 that they will be putting out a video on this tomorrow

00:09:28.360 because they've also been copyright struck

00:09:30.360 by the legacy media

00:09:31.560 the legacy media does not like competition

00:09:34.240 now I'm not the news, I'm never going to pretend

00:09:36.300 oh I'm the real news here

00:09:37.780 but they have commentary shows here

00:09:39.400 and I was clipping a commentary show

00:09:41.700 to watch it, react to it

00:09:44.160 pause it, tell you what I think about it

00:09:45.940 because I don't like their take on it

00:09:47.940 and what their take is, is relevant

00:09:50.120 to the national discussion

00:09:51.300 because it flavors what other people think

00:09:54.020 about Carney's performance

00:09:55.220 and how pure poly of is doing when in an obvious scenario when the main story should be what jd

00:10:01.740 vance has said about mark carney in the context of this trade deal in in we we start talking about

00:10:06.840 how jd vance called pure poly of a non-entity as if that's even an insult it doesn't matter

00:10:12.920 and i can tell you why it doesn't matter because he was never part of the negotiations i am a

00:10:17.620 non-entity to the negotiations pure poly is a non-entity to negotiations king charles is a

00:10:23.400 non-entity to the negotiations it's almost like we were never trying to be part of the negotiations

00:10:28.940 but ctv news is trying to take like a side jab at pure poly of you know wait five seconds and

00:10:34.100 they'll start blaming him for the reason the trade deal sucks whatever like again i want to make one

00:10:40.640 last comment on the premiers because i haven't mentioned david eby and doug ford yet those guys

00:10:45.460 cannot be found i think david eby has done a little bit of media in the past day but no mention

00:10:50.860 of trade just some limp remarks about how yeah i guess maybe we'll uh we'll put booze back on the

00:10:55.820 shelves they won't even say that much doug ford has been cited more times in the past 48 hours or

00:11:01.060 i mean less times in the past 48 hours than elvis presley uh he doesn't want it to come out and face

00:11:07.580 the fact that he's failed his backing of mark carney to the hilt on this trade issue has failed

00:11:13.020 and so what are they going to do now it's almost like the conservatives were right but we're never

00:11:20.260 going to admit the conservatives were right that actually trying to negotiate earlier that doesn't

00:11:24.640 mean capitulating that means you time is a resource that the that sides with the americans more so we

00:11:30.880 should earlier on push more aggressively to say you know what these five things are unacceptable

00:11:35.200 to us and we will not sign a trade deal unless those are gone we want them eliminated or brought

00:11:39.540 down to like five percent and here is though the things that we might potentially give you

00:11:44.460 and list off a bunch of things or basically horse trade that's how we should have been doing it but

00:11:49.460 Mark Carney got to the point where at the very end he didn't even have time to horse trade and

00:11:53.040 whatever Trump threw across the desk to him is what he signed. And everyone's going to say,

00:11:57.280 oh, I blame Trump for threatening us. Okay, sure. Sure, you can do that. But why don't we blame as

00:12:03.260 well the guy who said he knew how to deal with the situation, messed around for a year and a half,

00:12:07.880 and is signing a dog's breakfast of a trade agreement. Anyways, what do I know? I don't

00:12:12.560 know anything, people. Well, with all that being said, thank you guys for watching. Make sure to

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00:12:37.920 and I'll see you guys all next time.

The National Telegraph - Wyatt Claypool - August 22, 2026

Former Liberal Chrystia Freeland SLAMS Carney's Terrible Trade Deal!

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