The National Telegraph - Wyatt Claypool - April 25, 2026


Mark Carney's Ego Is Killing Canadian Trade – US Official Goes Off


Episode Stats


Length

16 minutes

Words per minute

187.08

Word count

3,027

Sentence count

131

Harmful content

Toxicity

7

sentences flagged

Hate speech

6

sentences flagged


Summary

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

A clip from U.S. Trade Rep. Rick Switzer going after Mark Carney's ego on trade with the United States and why he is not a happy boy. Also, Mexico is getting a trade deal with the USA!

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Hey guys, Wyatt Claypool here, and welcome back to the National Telegraph YouTube channel.
00:00:06.020 I need to show you guys a great clip on the show today of U.S. Trade Representative Rick Switzer
00:00:12.920 going after Mark Carney's big ego when it comes to trade with the United States.
00:00:19.100 I think that Carney's Achilles heel on this issue is his ego. Here, Polyev has been recently
00:00:25.820 getting under Carney's skin because he's been making suggestions to Carney, basically acting
00:00:31.160 like a backseat driver saying, well, have you ever tried this? Why don't you do that? I thought you
00:00:35.940 said you were going to keep Canadians up to date with what you were doing. What's going on, Carney?
00:00:40.000 And it's driving Carney insane because Carney likes to be the guy who knows everything, who's
00:00:45.880 in control and cannot be questioned. But he can be questioned heavily on the U.S. trade issue.
00:00:51.860 And so now that Pierre Polyev is hitting them from all sides, he's getting quite antsy.
00:00:57.360 And I think that this clip from this U.S. trade representative, Rick Switzer, is also why Mark Carney is not a happy boy these days.
00:01:06.240 Because now the Americans are even making fun of him for being incompetent compared to the Mexicans.
00:01:12.480 Mexico is actually getting a trade deal signed with the United States.
00:01:16.220 They're getting something quite good for themselves.
00:01:18.340 You know, is it maybe what they had before? Maybe they're taking a small hit? Sure. But it's better than just keeping 25% tariffs on autos, steel, and softwood lumber for over a year now. But you know, what do I know? I guess Mark Carney has the credentials and I'm not allowed to question him.
00:01:36.480 But we're about to get into that clip in just a second here, and I just quickly want to mention if you want to help support the channel, consider hitting the join button and become a monthly contributing member.
00:01:47.320 It really does help me grow the channel and be more sustainable here.
00:01:51.820 Anyways, let's get into this clip of Rick Switzer talking about Mark Carney in contrast to the way that Gloria Scheinbaum, the president of Mexico, has been negotiating with the U.S.
00:02:02.900 I think having some discipline on reminding folks how valuable it is, there really is no other choice.
00:02:10.280 What I'll say is that the countries that are led by serious leaders, and I'll say President Sheinbaum is a serious leader in Mexico.
00:02:17.620 When we came in and we were talking, Ambassador Greer was just there, we're talking to Mexico about this, and the president has spoken directly about this.
00:02:26.120 They have been very serious.
00:02:27.160 Look, we know the United States is our most important economic partner, that it is the policy of President Schreinbaum that the United States and Mexico will have a positive economic relationship.
00:02:38.640 And that we know that we'll have some friction and we'll have to figure it out, but we're going to figure it out, right?
00:02:43.360 This is the bottom line.
00:02:44.840 There are other economies who decided to make it personal.
00:02:48.480 And, you know, I think Carney has made it personal.
00:02:53.000 And obviously he's having to speak a little bit service level.
00:02:56.760 Rick is not going to go into all the details here. But what he said about Mexico there, that they are going to figure it out, that we're going to figure it out, is pointing to the idea that Mexico has its demands, America has its demands, and they're going to figure out a way of at least meeting in the middle a bit.
00:03:12.260 maybe the United States is going to get technically the better deal. It's hard not for them to get
00:03:16.820 the better deal. It's the United States of America, population over 340 million people.
00:03:23.720 Mexico, I think it's like 89 million, 110 million. I'm not sure exactly the population of Mexico.
00:03:29.540 I know the population of Canada, we're around 40 million people. We're probably going to have
00:03:35.140 less economic power than the United States. But Mark Carney is allergic to admitting that Canada
00:03:41.320 has less leverage than the United States and that maybe we will have to make some concessions to get
00:03:46.160 something that we want. But instead, we're just sitting here in a holding pattern and he keeps
00:03:50.520 saying, don't worry, we're being patient because we're trying to get the best deal. And then the
00:03:54.520 Americans keep revealing they're not even negotiating. They've just packed up their bags
00:03:58.000 and they don't want to talk to them because Carney is probably scared and he doesn't want to
00:04:02.480 take the ego hit of having to have signed anything that actually acknowledges that he had to make
00:04:08.640 concessions. His ego is too big. He has made this thing too personal about his political brand and
00:04:15.280 not about getting Canada a deal. I think it's political malpractice for the prime minister of
00:04:20.180 a Canadian, you know, of Canada to pit politically himself against any president. I don't care what
00:04:28.220 the president is, who the president is, what party they represent. It's political malpractice. Canada
00:04:32.800 is dependent upon the U.S. economy. That's just a fact, right? That's not hubris. That's not
00:04:38.540 something that Canada needs to be concerned about. It's not something Canada can change,
00:04:42.880 right? The fundamental fact is geography wins out. Canada is located where it's located.
00:04:48.560 They can't move shop. Except we have Carney pretending that he can move shop,
00:04:53.980 thinking that we can replace the United States of America with China, our number two export
00:05:00.300 destination, but it's like 79% exports go to the United States, 5% go to China. Even if you double
00:05:08.020 it, it doesn't replace the United States. And yes, they'll keep saying we have the still the
00:05:12.120 best trade deal with the United States because we have the, you know, the USMCA KUSMA agreement
00:05:17.580 that meant that most of the tariffs didn't hit most exports and imports. Okay. Okay. The problem
00:05:25.020 is that we trade with them 79%. And so we actually have the most damage being dealt to us because
00:05:30.540 even if those, the American tariffs are on all exports, let's say to France, France doesn't
00:05:36.040 trade that much with the United States compared to the rest of the world. We trade the vast majority
00:05:41.120 with the United States. So even though maybe things like t-shirts and lipstick don't have
00:05:46.300 tariffs on them. Softwood, lumber, steel, aluminum, autos, that is doing more damage to us on the
00:05:56.300 limited amount of products than it is on all products going to another country. That is the
00:06:01.860 problem, and us just lying to ourselves and pretending that if you squint and you turn your 0.97
00:06:07.020 head that actually it's totally okay what's going on right now is foolish. It's not bad to make a 0.75
00:06:12.640 deal where maybe you had to give something up you can make them give something up but Carney
00:06:17.160 doesn't want to risk anything because he's like the guy who talks tough and says he's the greatest
00:06:21.960 at whatever he's he's the world's best pool player he is the best cards player you want to play a
00:06:28.700 game of cards oh no no I don't want to play a game of cards just admit you don't want to lose
00:06:32.220 just admit you might not be as good as you think and you don't want to lose but that's where
00:06:36.000 Carney is at his ego is too big to risk anything to be proven to not be as much of an expert as
00:06:41.740 claims they can have a sorry i gotta bring this back up on screen here it's located they can't
00:06:49.400 move shop they can have a weak economy that is underperforming and not doing well and carney can
00:06:57.100 feel superior or they can have an economy that participates with as a partner of the u.s economy
00:07:02.360 and carney can do what a grown-up should do which is figure out figure it out and come like
00:07:08.200 President Scheinbaum and decide that the United States and Canada will have a positive economic
00:07:12.700 relationship. It's my job as a person who's supposed to protect Canadian jobs, Canadian
00:07:16.760 citizens and the Canadian economy to not let my ego and my feelings dictate what's best for my
00:07:22.940 own economy. Well, and the thing is that his ego is in a certain sense, the ego of Mark Carney on
00:07:29.900 this issue is his political brand. He is the elbows up prime minister who will not make a bad deal
00:07:35.640 with the United States, and he has defined bad deal as a deal where Canada has to literally give
00:07:41.280 up anything. Slightly softening our supply management system would be admitting to something
00:07:48.160 that Carney is not willing to, and so we're not going to do it. Okay, well, I guess we're never
00:07:53.540 going to get anywhere. Well, we shouldn't have to give it up. Trump's the one who threw tariffs on
00:07:58.040 he's the bad nasty orange man okay okay carny i guess he is um what what now that's always what
00:08:06.040 i always point out to people one canada had tariffs on u.s poultry and dairy and some other 0.52
00:08:12.260 products for quite a while we've had tariffs on them for decades is it lesser than the tariffs
00:08:17.700 he put on steel aluminum softwoods and autos yes in terms of the overall raw cost although our
00:08:23.880 dairy tariffs are like 300 percent we get it it's just dairy just poultry and that their steel
00:08:29.880 aluminum and auto tariffs are bigger by raw dollar costs that it will incur okay we've had ours on
00:08:36.840 longer there's our bigger but have been on for a shorter period of time let's just say it doesn't
00:08:42.200 matter and we need to figure out how to get this thing done even Carney acknowledged at one point
00:08:47.320 that we should try and get this thing done fast because his last deadline was the end of July
00:08:51.640 2025 and you'll notice that it is now april 25th 2026 and the americans have said we haven't said
00:09:02.120 anything substantial there's been no substantial movement on trade with canada since october and
00:09:07.720 it's because the canadian negotiators people like trade minister dominic leblanc don't want to
00:09:12.680 actually move the ball forward they basically just kind of keep waiting up the clock keep having
00:09:17.000 coffee meetings that don't go anywhere because Carney doesn't want to commit because he's not
00:09:21.580 very good at this. He said he negotiated with Trump before. Clearly hasn't. I don't think that
00:09:26.880 guy's negotiated anything himself. And he did the whole talk to the hand thing to Pierre Polyev
00:09:31.920 the other day saying, oh, when has he ever negotiated something? Oh, wow, Carney. You got
00:09:36.840 him. You got him. Polyev hasn't made a trade deal before. Wow. So it seems like you both haven't
00:09:43.720 made a trade deal except you're the prime minister yo yes we've reached a trade deal with china and
00:09:49.940 indonesia no you haven't you signed mous or you signed just limited trade partnerships with china
00:09:57.780 out of scorn for the united states we get taken to the cleaners by china because he wants to 0.52
00:10:02.980 you know he basically wants to go make out with china make the united states jealous and they're 0.57
00:10:08.820 not. And Polly have made a good point. How about we rip up the new China deal in order to get some 0.95
00:10:14.520 leverage in the negotiations with the US? We'll say, we'll rip this up. We will take no Chinese
00:10:19.940 EVs. And if you take off all the auto tariffs, smart play. Carney hates that he pointed that 1.00
00:10:26.060 out because it is a good idea. And Carney is the guy who thinks he's the only one who has good
00:10:30.840 ideas. When in fact, he hasn't had a good idea on the US trade file the entire time. I'm sorry,
00:10:36.360 there's not enough indonesia trade deals there is enough there is not enough deals with luxembourg
00:10:41.800 that you can sign to replace the united states i'm sorry mr carney uh that's uh that's a very
00:10:51.560 powerful statement do you do you think that this will have implications for usmca for the negotiations
00:10:55.880 between the us mexico and canada yeah of course it is just can't right not like look was ambassador
00:11:01.400 career in canada did he meet with carney no was he in mexico on monday he meet with president
00:11:06.680 scheinbaum yes uh we you know we have issues with mexico we're still working through but but
00:11:11.560 mexico intends on coming to an agreement with us we intend on coming to agreement with them the
00:11:17.240 grown-ups are in the room talking because there's a there's a grown-up in in the presidency in
00:11:21.800 leadership there and i would argue there's not a grown-up in canada in charge there you don't go
00:11:27.080 out of your way to antagonize the leader of the country that you are absolutely existentially tied
00:11:34.360 to it's just political malpractice now people will say well hasn't trump antagonized canada
00:11:40.440 he was making the 51st state jokes sure let's just say yes he didn't do that even if you would
00:11:45.960 believe the annexation thing ever it was always clearly a joke he's even said it's a joke even if
00:11:51.480 if you believe all that stuff that wasn't a joke and he was trying to offend us so what he's the
00:11:57.840 leader of the country 340 million people we're the country with 40 million people he can get away
00:12:03.440 with a little bit of jokes here and there considering that he does pay our defense bills 0.99
00:12:07.540 whatever it doesn't matter uh we then let doug ford the moronic barely not even conservative he's 0.98
00:12:15.420 a liberal just with the pc branding on him we let him run anti-trump ads in the united states 0.99
00:12:21.220 to the tune of like 50 like it was like 19 million dollars or something like that it was an absurd
00:12:27.480 amount of money more than a congressional or senate candidate would run with as their budget
00:12:32.600 in the united states we threw that money into the united states basically saying donald trump
00:12:38.040 doesn't understand much smarter presidents like ronald reagan and he walked away from the table
00:12:43.320 and then our media says oh my goodness trump's so sensitive well we got up in arms about annexation
00:12:49.320 jokes that he put zero dollars into and he got offended by you putting 19 million dollars
00:12:56.120 effectively interfering in u.s politics what happens if greg abbott or the montana like you
00:13:03.480 know greg abbott the republican texas governor or like even like the governor of montana the
00:13:09.160 republican governor of montana i g and forte i think is his last name even if he put fifty
00:13:14.920 thousand dollars into some ads just in Alberta slagging Carney. Do you think that wouldn't be
00:13:20.700 a big news story and Carney would be condemning him and trying to tell Trump that he has to come
00:13:25.280 and apologize on behalf of Gianforte? Of course we would. So how about we just call it even and
00:13:32.920 we try and negotiate something. The idea that Carney and Dominic LeBlanc say no no guys who
00:13:38.520 cares about getting a trade deal signed with the U.S. on this tariff issue we're just going to move
00:13:42.940 ahead and focus on the Kuzma USMCA renegotiation. You couldn't get the book report done, guys.
00:13:50.420 Why do we trust you get the thesis done? You couldn't do the book report. You're going to
00:13:54.460 now do the thesis and the book report at the same time? You're not. You're not going to do it. I'm
00:14:00.520 sorry. Your stance so far has proven you are too scared of your own shadow. You are too scared of
00:14:06.820 looking like you didn't know what you're doing, so you're just not going to do it. Rick Switzer is
00:14:11.480 right. Carney is not a grown-up here. He is acting like a first-year anthropology grad
00:14:19.420 thumbing his nose at Trump and saying, I don't even care about him. Elbows up. I'm going to go
00:14:23.580 talk to China. Okay. Okay. Well, how is that working out for you, bud? How is that working
00:14:29.120 out for the economy overall, man? Have you seen the job numbers? My goodness. Anyways, can you
00:14:35.240 tell why he's getting a bit antsy when it comes to the trade issue? He's not doing very well right
00:14:40.020 now. Pierre Paliyev should keep pushing on this issue. He should keep saying that Carney promised
00:14:47.480 to give us trade updates. Where are the trade updates? I haven't, I guess I haven't signed a
00:14:51.880 trade deal. You got me, Carney. Where's your trade deal to prove me wrong? Where's your trade deal
00:14:56.620 with the United States? Nobody cares about Indonesia. I'm sorry. Nobody cares about you 1.00
00:15:01.480 wanting to strengthen ties with communist China. Where's the trade deal that you actually promised
00:15:06.100 with the united states not with the country that you said was our biggest national security threat
00:15:10.720 just keep dogging him this is where being a backseat driver is effective politically just
00:15:17.500 keep saying hey wait hey what about that turn why don't you take that turn you should stop for a map
00:15:22.520 mr carney i think we're lost hey have you tried this have you tried that maybe do this just keep
00:15:29.360 heading up all the time you will have a meltdown anyways with that all being said thank you guys
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00:16:08.880 thank you guys for watching, and I'll see you all later.