"Canada DEPENDS On The U.S." - Trump’s 100% Tariff THREAT Forces Carney To FOLD
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What threat did Trump make regarding tariffs on Canada?
What this is leading to is, over the weekend, Trump threatens 100% tariff on Canada if it makes a deal with China, and Carney pushes back. But let me read the first one first. If 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. China will eat Canada alive, completely devour it, including the destruction of their businesses, social fabric, and general way of life. If 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. Thank you for your attention to this matter, President DJT. Rob, can you pull up the clip of Carney responding to this?
Because obviously, if you remember, it looked like him and Carney were getting along because he chose Carney over Pierre Poliev when Pierre lacked diplomacy. Everybody saw that when he would only eat the apple and not go meet with people. And here's Carney responding to the president.
Why are you responding to Trump's threats of 100% tariffs? Well, the first thing is that Canada respects our commitments. We have commitments under CUSMA not to pursue free trade agreements with non-market economies without prior notification. We have no intention. of doing that with China or any other non-market economy. What we've done with China is to rectify some issues that developed in the last couple of years. In 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. So for example, back in 2023, we didn't have a cap. on the number of EVs. We didn't have a requirement for a large proportion of those EVs to be affordable, highly affordable EVs for Canadians.
So it's entirely consistent with KUSMA, with our obligations, which we very much respect.
Tom, what's going on here? So let me translate that for you. China 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. But what Mark Carney is doing there is dancing around a simple truth. He 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. Meanwhile... 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. I didn't tell you. I believe, Pat, 21 percent of their GDP is what they –
import from us and 17% of their GDP is what they export to us. So I think it's 35, 36% of Canada's 2.3 trillion GDP depends on trade with the United States. So there it is. Imports from the U.S. constitute 19% of Canada's GDP. So 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. Are you high? Do you not think that Trump's going to go, wait, what's he doing? Sir, he made some sort of conciliation deal with China and he's going to take the low cost EVs over. What about General Motors EVs? What about Tesla EVs? Well, it's going to hurt them because they're bringing over the China car.
And he says, what the hell is on his mind? Hang on. Where's my phone? And then there comes Trump. Governor Carney does it again. That's what's going on. He cut a deal with China when Trump's trying to corner China.
Umberto.
Let's trade Alberta for Minnesota. All right? That's the only trade that we need. Straight up. Straight up. We grab Alberta, they keep Minnesota, and we're even. I sent Rob a chart, and I got this from Tom. Can you please try to find Canada on this map?
Let me look.
All right?
I can't. Actually find Canada, Rob. Oh, my God.
How does Governor Carney respond to Trump's tariff threats?
It has to be really small. There it is. Up at the top at 12 o'clock. Stop right there. All right. 12 o'clock. And by the way, United States last year.
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Chapters
5 chapters
1
What threat did Trump make regarding tariffs on Canada?
0:00–4:42
2
How does Governor Carney respond to Trump's tariff threats?
4:42–7:13
3
What are the implications of Canada’s trade relationship with China?
7:13–9:58
4
How much does Canada's economy depend on trade with the U.S.?
9:58–11:17
5
What are the risks of Canada making deals with China?
11:17–17:06
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