00:00:43.740Well, what this is leading to is over the weekend, Trump threatens a 100% tariff on Canada if it makes a deal with China and Carney pushes back.
00:00:56.840If Governor Carney of the 51st state, Canada, thinks he is going to make Canada a drop-off port for China to send goods and products into the U.S., he is sorely mistaken.
00:01:11.420China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life.
00:01:19.800If Canada makes a deal with China, it will immediately be hit with 100% tariff against all Canadian goods and products coming into the U.S.
00:01:28.560Thank you for your attention to this matter, President DJT.
00:01:32.440Rob, can you pull up the clip of Carney responding to this?
00:01:36.200Because obviously, if you remember, it looked like him and Carney were getting along because he chose Carney over Pierre Polyev when Pierre lacked diplomacy.
00:01:45.500Everybody saw that when he would only eat the apple and not go meet with people.
00:01:49.220And here's Carney responding to the president.
00:01:51.780How are you responding to Trump's threats of 100% tariffs?
00:01:55.320Well, the first thing is that, you know, Canada respects our engagements, our commitments.
00:02:03.720Il y a des engagements dans l'ACM, we have commitments under KUSMA that not to pursue free trade agreements with non-market economies without prior notification.
00:02:16.860We have no intention of doing that with China or any other non-market economy.
00:02:22.500What we've done with China is to rectify some issues that developed in the last couple of years.
00:02:29.100In many respects, we're going to use the expression back to the future with respect to EVs, with respect to agriculture, with respect to fish products and other food products, but with additional protections.
00:02:42.280So, for example, back in 2023, we didn't have a cap on the number of EVs.
00:02:47.200We didn't have a requirement for a large proportion of those EVs to be affordable, highly affordable EVs for Canadians.
00:02:54.320So, it's entirely consistent with KUSMA, with our obligations, which we very much respect.
00:03:05.960China got Canada to agree to take BYD, which is the largest EV maker in the world by number of units, and to send over their $30,000 EVs, which is not going to be good for Tesla.
00:03:20.840But what Mark Carney is doing there is dancing around a simple truth.
00:03:26.340He went back and renegotiated with China, which he feels is a trade deal that's good for Canada, and that's how he's spinning it.
00:03:34.620Meanwhile, President Trump is pointing out that the $2.3 trillion economy of Canada, which is less than half of California, that, by the way, Rob, I don't know if you can find this in a flash.
00:03:50.220I didn't tell you, I believe, Pat, 21% of their GDP is what they import from us, and 17% of their GDP is what they export to us.
00:04:03.220So, I think it's 35%, 36% of Canada's $2.3 trillion GDP depends on trade with the United States.
00:04:15.620Imports from the U.S. constitute 19% of Canada's GDP.
00:04:19.520So, it's like you're making a deal with China that Trump is trying to work with right now in corner, and yet one-third of your GDP depends on back-and-forth trade with the United States.