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0:00 So Canada stuck the dagger in Donald Trump and they twisted it. The trade minister of Canada, Dominique Leblanc, went on American media and he was asked, "So why don't you just remove the retaliatory tariffs because the United States trade minister says Donald Trump is really upset that Canada retaliated against the United States after the United States declared a trade war on Canada." And Dominique Leblanc, the trade minister from Canada, said, "Look, if a deal happens, we're going to work to put Canada first. That's what we're focused on. Y'all attacked us in Canada. We're going to do what's right for the Canadian people. We're disappointed in the way that Donald Trump and Jameson Greer and this regime is behaving. We're
0:46 going to continue to try to make a deal. We are after all the biggest client and customer of the United States but we're going to protect Canadian interest and we're going to look towards reliable trading partners. So you have to understand the sequence of what went down. So earlier in the day you had the United States trade representative basically our version of Leblanc and our version is just a complete idiot. guy Jameson Greer. He's the guy who talks about, "Oh, we need to decouple from China." Really? Decouple from China while you attack Japan, South Korea, Taiwan, and you don't even allow the Taiwan president to come into the United States because Donald Trump got a phone
1:31 call from Xi Jinping and said, "Can you not let the Taiwan president come into the United States to go to Central America?" Donald Trump's like, "Anything for you, Xi Jinping. anything for you, G. Okay, so not exactly a great deal of decoupling taking place, but I digress. Jameson Greer goes on the American media networks and he says, "Look, here is why we impose those 35% tariffs on Canada on the non USMCA, United States Mexico agreement compliance stuff. They retaliated against us when we declared a trade war." And Donald Trump didn't like that retaliation. Nobody else retaliated against us. So maybe they remove the retaliatory tariffs against us. Then maybe there's some room. Watch the
2:17 gaslighting by the United States trade representative Jameson Greer. Here play this clip. >> Let me ask you about Canada uh which is our second largest trading partner. Uh the president increased tariffs to 35%. It applies though to just about 10% of what Canada sells here. Why bother to do this now in the middle of negotiations? So, so I would say first of all, early on the president imposed a 25% tariff on Canada and that was really about fentanyl and border issues, right? It's it's it's a separate regime from the reciprocal tariff. Um, and what did Canada do in response? You know, they talked about helping at the border and I'm not, you know, I'm not a the drugs are or anything, but what I do know as the trade guy is that Canada retaliated. The only other country in the world who
3:02 retaliated on tariffs was the Chinese. And so if the president's going to take an action and the Canadians retaliate, the United States needs to maintain the integrity of our action, the effectiveness. So we have to go up to >> You're talking about the things that the former prime minister Trudeau put in place, not the current prime >> and are still in place. >> They're still in place, but the current prime minister has held off largely on on retaliation here. That's the guy you're negotiating with and and his team. So what's the strategy here? And and aren't you worried that this will hurt the broader free trade deal if you truly do want to renegotiate it next year? >> I I'm not concerned that it's going to complicate things with Canada. Our view is the president is trying to fix the terms of trade with Canada and if there's a way to a deal, we'll find it. And if it's not, we'll have the tariff
3:48 levels that we have. >> But folks, as we know, there's always an excuse for the Trump regime to attack Canada. Donald Trump wants to turn Canada into the 51st state. He made it clear what his intentions are. He wants to strip Canadian sovereignty. So if it's not the retaliatory tariffs, what was it earlier last week? It was, "Oh, can't he Donald Trump even wrote, oh Canada, why would you recognize the Palestinian state? How are we supposed to get a deal done then?" Then he called then Howard Lutnik made his rounds on Fox State regime media and Lutnik was like, "Oh, we were getting so close with Canada and now you're recognizing the Palestinian state. I mean, come on. How could you be so tonedeaf, Canada? Why
4:35 would you do that?" It's just a That's my Howard Letic impression. Here he is, though. Watch Letic saying that here. Play this clip. >> But Canada, I take it not so much or not so good. Well, imagine like the the president truthed out that the Canadians put out, "Oh, we're going to recognize the Palestinian state." I mean, come on. Don't be so tonedeaf, right? The president is totally into trying to get peace in Gaza and you're throwing your hat in the ring from Canada. Come on. You know, they still haven't solved dairy. They still have uh two countries on the whole world retaliated against the United States of America tariffs. China, which we all know, >> and Canada. So, you know what? I just don't see the president stepping off the
5:23 gas. Now, Mark Carney came down, had a really nice lunch with the president when he first got elected. You know, if he makes that call and if he starts turning on the charm, and if he takes off his retaliation, let's, you know, and stops the silliness, maybe the president will let it down a bit. But right now, 35% that letter he sent is surely in the cards, >> right? So it's oh you recognize the Palestinians say oh all of that fentinol you're bringing in right when there's when there's no fentinol that they're bringing in. So it's excuse after excuse after excuse. Now let me show you Dominic Leblanc what he had to say. So he was asked by American media. So why don't you just remove the retaliatory tariffs? Come on. Justin Trudeau the former prime minister he did it. You'll
6:09 make us feel good here if you do that. Why don't you do that? And I think, look, Dominic LeBlanc, he was diplomatic about it. He goes, "It' be great if we can do a deal." Um, but no, we're not going to just, you know, we're defending Canada here. And he said it in a polite way here. Watch this. >> You heard Ambassador Greer say, "Canada because Canada retalied to the initial tariffs all the way back in April when Prime Minister Trudeau was in office. You're paying the price now even though you have a new government in in place. If that's the issue, why not make that concession and pull back? >> So, Prime Minister Carney, our new Prime Minister, uh, has, we think, built a a very business-like, respectful
6:54 relationship um, with President Trump. We think that's obviously very important to Canada and we think to the United States. Um, we're dealing with, take for example, the steel sector in Canada. It's it's a strategic importance to national security in Canada as it is for President Trump and the American economy. We now have a situation where um there's a 50% tariff. We're the biggest steel export market for the United States, right? >> Um we we have a 25% tariff. There's a 50% tariff uh when we want to sell something into the United States. So effectively, we're blocked from doing that. But the national security interest of Canada requires that we have a viable steel and aluminum sector. And my conversations with Secretary Lutnik and
7:40 others are that therein lies an example where if we do the right work together, we have, Miss Brennan, the toughest rules of any country dealing with Chinese dumping into Canada. We have melt and pour tracing so that products coming from other countries with Chinese steel can't be dumped into the Canadian market. So, we're looking and and advancing ideas where we can do that work with the United States. At the same time, ensuring that our economy continues to have sectors uh vital to the economic future of Canada. And then now watch how Dominic LeBlanc also talks about how, you know, he left the United States without a trade deal. He flew back after Donald Trump started posting, oh, you know, oh, Canada, I'm going to
8:27 I'm 35% tariffs. I'm disappointed, but we'll go back. We'll still have a dialogue and we'll see. We're just going to make a deal that benefits Canada. And if a deal doesn't benefit Canada, we're not going to do it. Here, play this clip. So, we were obviously obviously disappointed by that decision. We believe there's a great deal of common ground between the United States and Canada in terms of building two strong economies that work well together. That's been the history of the 40-year free trade agreement that goes back to President Reagan. We were pleased the United States is uh respecting the the terms of the USMCA agreement. That's vital, we think, to the cost of living and affordability, certainly in the United States. It's true in Canada as well. So, we're going to continue to do
9:15 the work. We left um always with u a better understanding of the American concerns in the trading relationship. Ambassador Greer, Secretary Lutnik um engage with us in constructive um cordial conversations. So we're prepared to stick around and do the work needed. Um we think uh Miss Brennan that the economies of both countries are strengthened when we do things together. The trading relationship in between Canada and the United States is unlike other partners. Um, one description which I which I thought was very apt, we don't sell things to each other as much as we build things together. And that's why it's it's difficult in this relationship when so much is integrated, but we remain very optimistic.
10:00 >> And Leblanc says, "Look, there could still be some conversations taking place here. Play this clip." >> Are there any plans for the two leaders to speak? I I saw President Trump said your prime minister called him Thursday and they just never connected. I mean, are tensions that high? And given the changing justification for the tariffs, do you really feel like you're negotiating with the other side in good faith? Um, sure we do. Of course we do. Uh, as I say, the the conversations have been informative, uh, constructive, and cordial. I would expect the prime minister, um, will have a conversation with the president over the next number of days. That's certainly my plan again with Secretary Lutnik, recognizing that we think there is
10:48 an option of striking a deal that will bring down some of these tariffs, provide greater certainty to investment. Now, I want to remind you as well what the United States ambassador to Canada has also been saying because this is how the Trump regime feels about Canada. Just a reminder, here he is, Pete Hora. Here's what he has to say here. Play this clip. >> Oh, they just slapped a brand new tax on us that we've told them for months is an unfair tax. Oh, by the way, you have 11 out of your 13 provinces who ban American products on their shelves. We haven't banned a single Canadian product in the United States. That's a pretty nasty move. Okay. Uh you have a number
11:35 of your provinces have put in provisions into their procurement process >> that say oh if you're an American company oh yeah you know you can't bid that's pretty nasty >> but that was in response to the US slapping major tariffs on this country >> exactly right now what >> so responding is nasty I'm just trying to get to the heart of this ambassador >> where we are today and here's what the US ambassador to Canada had to say about the whole 51st state. Donald Trump saying that Canada should be the 51st state. Watch what he says here. Here, play this clip. >> And I do want to ask you about the 51st state. You had to have known this question was coming because of course the president brought it up again over the weekend. It does seem to come up when things are getting a bit tense and
12:20 a bit intense. Is Donald Trump using threats against Canada sovereignty as a negotiating tactic? >> Not a threat. >> How is it saying that Canada should become a state? He said we're not a real country before. I think you know your prime minister I I forget what he said within the last week or something and said you know this is a he didn't use exactly this word but a term of endearment you know he >> he has said it's a wish a desire rather than reality I term of do you think it's a term of endearment ambassador hookstra >> yeah President Trump doesn't invite people onto his team who he doesn't like who he doesn't trust who he doesn't respect you know he wants a strong team. >> So your message to Canadians they should see this 51st state talk as a term of endearment.
13:06 >> I you know they can see it however they want. Far be it for me to tell Canadians how they should view the president's comments. But the president is not invite people on his team on America's team or to grow our team with the belief that by doing so we're going to weaken America or weaken them. This message is brought to you by our sponsor, Americans United for Separation of Church and State. You don't destroy 250 years of secular democracy without gutting the rule of law, shattering norms, and dropping a few billion dollars. The same people in groups that backed Project 2025 are part of a larger shadow network that's relentlessly pushing to impose a Christian nationalist agenda on our laws
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15:22 Minister Carney realizes that Canada holds a lot of cards. Look, I think he realizes that overwhelmingly the people are with him. They don't want a bad deal to happen. I think he recognized in all of the polls 60 70 now close to 80% of Canadians have a negative view of the United States and the Trump regime view the US and the Trump regime as a threat to Canada. I think Prime Minister Carney recognizes that uh Canada holds close to a trillion dollars in United States treasuries. I think he realizes that Canada is the biggest customer and client of the United States. That the boycott against the United States is crushing tourism in the United States.
16:08 It's been a beacon to the rest of the world as well to say if Canada can do it, we should do it also and we should stand up. A tourism boycott, a boycott of American products is really stinging the United States. I think Carney's watching what's happening with the American markets. He's seeing that the American markets are struggling right now. Very bad jobs report. Systemically, the American market getting weaker. I think Prime Minister Carney also is very attuned to the oral argument that took place before the Federal Circuit Court of Appeals regarding Donald Trump's ability to declare emergency powers to declare this trade war against the world
16:54 to attack Canada and Mexico and every country I I should add. um and that it's likely that this Federal Circuit Court of Appeals will rule against Donald Trump and negate all of the tariffs, which Trump will then whine about. So, I think Carney is buying time as well to see what the Federal Circuit Court of Appeals is going to do. So, I think he's watching those factors, but I want to give Carney credit as well because he's talking with current conservative premers, leaders of provinces like uh Doug Ford, and he's listening to what they have to say. So to have a liberal government listen to what conservative voices have to say and listen to what former prime ministers have to say uh
17:39 staunch conservative prime ministers who were very pro-America in the past like Steven Harper and I've showed you those clips before as well. So Doug Ford the premier of Ontario here's what he has to say. Play this clip. >> Going back to your comments earlier about uh President Trump and the uh trade war. Do you think it's possible for Canada to get a deal with Trump that doesn't include tariffs on certain sectors like auto, steel, aluminum, and energy? And would you be satisfied with a sectoral tariff deal? >> Well, great great question. You know, it's a problem with President Trump. And you know, we're we're united. First of all, I've never seen this country more united ever um in all my years of being in politics. And it's it's a great feeling. All provinces, territories, municipalities, and the federal government. But uh you know, Prime
18:26 Minister Carney is trying his best. But this guy will say something one day and he'll wake up and the cheese slips off the cracker and then all of a sudden he goes the other way. And you're thinking, how do you deal with a guy like this? Um are we hoping that we can get a deal with zero tariffs? Yes. But I always say how we can we can kick back and it's not the American people kick back at President Trump is let's start onshoring everything. absolutely everything we possibly can. Like I beams, those big steel I-beams. I didn't realize we don't make them here until found out during the trade deal. Or the rails that are beautiful. Uh our cars are going to be made, sorry, the street cars are going to be made down the street. We don't
19:12 make the rails. So, we need to start making rails and and start uh making sure that we make those steel I beams and aluminum cans. Now, aluminum cans are my favorite. The Coke, the Pepsis, all the other beverages, the Molen, the Bats, the the craft brewers. We have We're the kings of aluminum in Quebec. They ship the aluminum down 25% tariff. They get printed and formed 25% back tariffs. So, my question was, why aren't we making aluminum cans here? Now, we're going to be making aluminum cans. They're going to lose a billion dollars worth of business in the US. And same with uh tin tin cans from DeFasco, ship it down the US. They get formed. I had a meeting with the the big users of
19:57 the the tins. Now we're bringing a line up here and they they're going to be losing out on about 1.3 billion cans uh just on the tin cans. But I want to we can build anything here. We're an economic powerhouse. You know, folks, we don't have to take a backseat to anyone in the world. And we sure the heck don't have to take a backseat to President Trump. He needs to remember we're his yes, they're our number one customer, but we're their number one customer. You hear about all these deals he's making. He's making and they're good good countries, Japan and Korea and but I'll give you an example with Japan. He said he made this beautiful deal and everything and God bless him, but they buy $79 billion with the products US off
20:47 of off of uh the US. Canada buys $359 billion US off off the folks south of the border. 9 million Americans wake up every single morning to produce a widget or a good just for Ontario alone. Those 9 million jobs are in jeopardy. Uh right now we buy more products off the US than Japan, Korea, China, the UK, and France combined. So I wouldn't roll over. And I told the prime minister, do not roll over. Hit that guy back as hard as we possibly can. And uh that's what we need to do. And we can do it. We can build anything here in Canada. absolutely anything from the beautiful trains that we build here to the planes to automobiles to uh
21:35 satellites to jet engines uh and I the list could go on and on and on and our strength are the people. We have the brightest people anywhere in the world right here in Ontario. So when everyone goes out another very powerful tool are the people of Canada. when you go out and you go to buy a product, just flip it around the back and see where it's manufactured and buy Canadian when you can. Uh, anything possible. And I got to call one company out that I learned when I was just two days ago. I met with all these tin can users and their food products, you know, is a company called Campbell Soup. They told me that Campbell Soup's putting a Canadian flag on their cans. They closed their plants here. They
22:21 moved everything down to the US and they put recipe made in Canada. What sort of nonsense is that? Don't let them hoodwink you. I'm going to call them out again. I'm going to show you one of their cans. It's unacceptable that they do that. You know, don't try to pull one over people's eyes. Canadians are too smart for that. So, please, when you go shopping, I know it's not always possible, buy Canadian as you as much as you can. So, we'll we're going to win this thing one way or another. We aren't going to go down and we aren't going to roll over. We'll keep fighting every every single day. >> Steven Harper, former prime minister uh in the mid 2000s to early 2010ishes, 2015, I think, right? Um again,
23:06 pro-America, like super pro-American. He and and Harper's like, "I was wrong." He goes, "If you asked me a year ago, I would have told you. Lean in. Work with the Trump administration." He goes, "I was wrong. Wrong. Wrong. wrong. Do not do not make bad deals. And he goes, "That's how the rest of the world feels right now." Here, play this clip. >> Look, I'm just going to I was just going to put it in this context. Um, just so every everyone understands, you know, I was I think it's fair to say, um, probably the most pro-American prime minister, Canadian history. Um, and I tell people that if a year ago the government had asked me, um, you know, President Trump's coming in, he's talking about, you know, big
23:55 challenges on trade, USMCA tariffs, what would you advise? I would have said a year ago, this is a real opportunity for Canada to really deepen its economic and security partnership with the United States. However, when this government did actually ask me a few weeks ago my advice, my advice was the opposite. My advice was yes, you know, on the economy, we've got to kind of get something short-term worked out with the Trump administration, but this really is a wake-up call for this country to truly diversify its trade export markets.
24:41 That's why, you know, that's why we did sign the trade deals all around the world, Europe, Asia, Pacific, the Americas. Um and there's and Canada has been to be blunt uh this is you know no nothing against the US the reality is independent of the current disputes Canada has been to use business term and I'm in the investment business now we have been grossly overweight the United States as a country and there is no reason for that just because we have that ge geographic proximity does not justify the degree of dependence that we have on a single market which sometimes disadvantageous. And the other thing um you know in terms of security I my advice to the
25:28 government is yes absolutely spend more on defense. We should been doing it all along. Um, but let's while we spend a lot more in defense, while the border is a shared responsibility, let's make sure we spend a lot more on defense so that we can be independently responsible for our own land, seas, and skies independent of the United States. And I'm just going to tell you right now, I, you know, I one political role I still have, I chair the Global Federation of Conservative Parties. And I can tell you that this is the advice every Allied capital is getting from everybody like me that they talk to. And this is not ideal, but I just think it's a reality.
26:13 The cat's out of the bag. You can't or toothpaste is out of the tube, whatever you want to call it. You can't put it back. I And I think it's unfortunate. I think in the long term, this will actually this direction will weaken the free world more than it will more than it will help it. and it will all I think ultimately weaken the United States as well. So I think it's unfortunate but that is the reality of this situation that um that we have to deal with. >> And then so you can see the chaos of all of this. Then you have Kevin Hasset on if tariff rates are now locked in because Donald Trump said August one then they're locked and he goes well it's up to Donald Trump to decide. We'll see what he does. Well, I mean, you know what? Donald Trump did decide. He going to wake up one day and fire the Bureau
26:59 of Labor Statistics Commissioner. He wakes up one day angry. He does this, wakes up another day angry and does that. He's is arbitrary, capriccious, reckless, malicious. Anyway, here's Kevin Hasset. Let's play it. >> Are the tariff rates locked in or are they still up for negotiation? Um I think that these uh we have eight deals that cover about 55% of world GDP uh with our biggest trading partners the EU and Japan and Korea and so on. And I expect that those matters are more or less locked in although there'll have to be some you know dancing around the edges about exactly what we mean when we do this or that. uh for the uh deals that aren't uh ready yet, they're going to get the reciprocal rates uh you know
27:45 soon and then we would expect that there might continue to be negotiations with those countries. >> But for those eight deals that you say are deals that are announced, you're saying more or less. Are they locked in? >> Yeah, I the president will decide what the president decides, but but the president likes those deals. The Europeans like those deals, and they're absolutely historically wonderful deals. Think about it. We've got Europe agreeing to open their markets to our product so our farmers, our small businessmen can sell stuff in Europe like they never could before. And they're letting us charge a 50% tariff which is going to raise maybe about hundred billion a year. >> And I think people are curious because they remember that back in April when President Trump first announced these tariffs. He then backtracked when the bond market was spooked. Could a market reaction prompt President Trump to
28:31 change these tariff rates again? the the markets have seen what we're doing and celebrated them. It's so I don't see how that would happen. >> Okay, but not ruling it out. >> No, I would rule it out because these are the final deals. >> There you have it, folks. Well, let me know what you think. Hit subscribe and let's get to 6 million subscribers. New Midas merch drop. Check out the latest Pro Democracy sticker packs, t-shirts, hats, sweatshirts, and more. All at store.mitus.com.
