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Date: 2025-08-21 Page is: DBtxt003.php txt00028858


MIA NEWS: Canada Freezes $80B Auto Trade — Carney Defies Trump’s 70% Tariff Ultimatum


Original article: https://www.youtube.com/watch?v=ya_lBtqruvw
Canada Freezes $80B Auto Trade — Carney Defies Trump’s 70% Tariff Ultimatum

MIA NEWS

Jul 11, 2025

222 subscribers ... 3,981 views ... 287 likes

🚨 BREAKING: Canada Just FROZE $80B in Auto Trade With the U.S.! 🔥
Will this SHOCKING retaliation CRUSH Trump’s entire tariff plan? 🇨🇦🇺🇸

❓How far will Canada go?
❓Can Trump handle the fallout from his 70% tariff threats?

🔍 In this episode, you’ll discover:
  • 🚗 The real reason behind Canada’s refusal to sign a rushed deal
  • 📉 How a frozen auto trade could trigger mass layoffs in Michigan & Ohio
  • ⚙️ Why Trump’s “tariff diplomacy” may backfire across the Great Lakes supply chains
  • 💣 What Mark Carney’s quiet defiance means for U.S.–Canada relations
  • 📊 It’s not just about tariffs — it’s about power, production, and political survival.
  • Stay tuned as we unpack what could be the biggest economic rupture in North America since NAFTA.
👉 Subscribe now to follow the global trade war unravel in real time.

#CanadaTrade #TrumpTariffs #AutoSupplyChain #MarkCarney #GlobalTradeWar #MassLayoffs #BloombergPolitics#EUeconomy #tradewar #globaleconomic #useconomic #USChinaTrade #MIANEWS
Peter Burgess COMMENTARY



Peter Burgess
Transcript
  • 0:00
  • 3%. That's the small number that ignited a trade firestorm, exposing the complete
  • emptiness of Donald Trump. With just a 3% tax on digital revenue, Canada
  • threatened to pull $2 billion out of the pockets of US tech giants, only to be
  • met with a rant. Stupid. Make no mistake, Canada didn't start this. The
  • 3% digital services tax was a necessary response after enduring Trump's
  • ridiculous tariffs on steel and aluminum. It was Canada's counterpunch directly targeting America's prize tech
  • giants, Trump's cherished darlings. Even though Canada later officially cancelled
  • the plan, the real damage to America had already been done. And just the mere threat of this tax revealed the truth
  • about the so-called master negotiator. He panicked, fumbled, and reacted like a
  • cornered animal rather than a skilled diplomat. Earlier, after Canada decided to implement the digital services tax,

  • 1:00
  • Trump quickly fired back with shocking remarks. It's not going to work out well for Canada. They were foolish to do it.
  • This isn't the language of a leader. It's the tone of someone with a poor vocabulary resorting to insults. Stupid.
  • That's Trump's reflex. when the other side doesn't kneel. He blamed Canada for daring to implement the digital services
  • tax, a legitimate self-defense move, all while ignoring the fact that he was the
  • one who lit the match in this trade war. Trump swung his tariff stick at steel, aluminum, and a whole range of Canadian
  • products, spreading chaos. Canada is now the largest supplier of aluminum and
  • steel to the US. Starting in June, the US raised tariffs on aluminum and steel
  • imports to 50%. But when Canada retaliated with a reasonable and fitting
  • digital services tax, Trump called them stupid. This is cowardice disguised as
  • anger. A tantrum from someone who can't accept defeat. Meanwhile, Trump's rage

  • 2:02
  • and the anger of his capitalist buddies were predictable. Scott Bassant, US Treasury Secretary, don't like the taxes
  • and obviously we think it's patently unfair to do it retroact. The digital services tax targets the one thing they
  • actually care about, profit. Let's call it what it is. This 3% tax isn't a
  • punishment. It's an overdue action to restore fairness. For years, giants like
  • Google, Meta, and Amazon have been exploiting Canadian user data, raking in
  • billions with almost no contribution to the local economy. Now, when Canada asks
  • them to give a little back, they scream unfair. The real question isn't whether
  • retroactive taxes are fair, but why the injustice of these corporations being tax-free for so long was tolerated in
  • the first place. Trump turned everything into chaos. Businesses didn't know which products would be taxed next. Customers
  • stopped spending. Suppliers halted orders and jobs were left hanging. This is exactly what happened. While Trump

  • 3:07
  • gleefully taps away on Truth Social, Canadian and even US businesses struggle in the mess he created. If Trump is a
  • child randomly pulling levers to see what blows up, Carney is the engineer carefully adjusting the machine. Michael
  • Jist, an economic expert, warns, 'We are going ahead, even while we're negotiating, was a risky move. And to
  • the extent to which we thought maybe the US was bluffing, uh, we've learned that
  • they're not. They thought a few threats would make Canada back down, but Canada didn't play by Trump's rules.' They
  • called out his scam. While the US flaunted its power, Canada kept negotiating and making wise decisions
  • both domestically and internationally. It was a clear statement. We won't be
  • bullied. The US's response. More of Trump's threats making headlines. It's
  • the familiar script of someone who can only solve problems with a hammer. America burns down its own house and

  • 4:02
  • then sues its neighbor for putting out the fire too slowly. This is the height of absurdity. The current president is a
  • master of coming soon promises. Deals almost done always in the future tense.
  • He stands at G7 summits shaking hands and smiling in front of cameras, making
  • promises about deals. A few weeks later, those promises end up in the political trash bin alongside other broken ones.
  • His words float away with the wind. Meanwhile, Carney and the Canadian government are working behind the
  • scenes, quietly making America squirm. No tweets, no drama, just action. The
  • Canadians didn't just survive Trump's tariff storm. They've come out stronger. That's irrefutable proof. While one side
  • makes headlines, the other builds prosperity. One leaves with tweets, the other with results. I don't think I'll
  • need to. Donald Trump's cold statement when asked about extending tariffs on allies. A seemingly trivial remark, but

  • 5:01
  • it exposes his lethal arrogance, serving as the catalyst for pushing America's
  • closest ally, Canada, out of Washington's embrace. Ironically, the
  • America first policy seems to have ended with the US losing on its own turf as
  • Canada's oil quietly flows toward their strategic rival, China. In a recent
  • interview, when asked about extending the the 9th of July tariff deadline, Trump casually responded to Maria
  • Bartromo of Fox News. I don't think I'll need to. Like an emperor granting a
  • favor, he added, I could. No big deal. In just a few words, the essence of the
  • America first foreign policy was laid bare. A mix of unpredictable threats and blatant disregard for allies. Trump
  • likely believed this was highle negotiation, a tactic to force other nations to bend. But things didn't
  • unfold as he expected. The USC relationship built on decades of trust and shared interests became the first

  • 6:00
  • casualty of Trump's doctrine. Instead of nurturing the alliance, Trump treated Canada as a challenger to be corrected.
  • His talk of making Canada the 51st state and imposing sky-high tariffs pushed the northern neighbor to seek an escape
  • route. And that route was made of steel stretching thousands of miles to the Pacific coast. Pressed into a corner,
  • Canada responded. The controversial Trans Mountain pipeline expansion, once
  • just an infrastructure project, became a national strategy. The goal of TMX was
  • clear and unapologetic to transport crude oil from Alberta to the Pacific coast, providing Canadian producers with
  • direct access to Asian markets. In other words, TMX was a means to break free
  • from the almost total dependence on the US market. A dependence that became a burden and a national security risk
  • under Trump. When it was complete, the first to show interest wasn't just anyone. It was China, America's number
  • one strategic rival. Reports from rurers in the Institute for Energy Research,

  • 7:04
  • IER, confirmed an undeniable truth. China quickly became the top buyer of
  • Canadian oil, surpassing the US for crude flowing through the Trans Mountain pipeline. The expanded pipeline began
  • operations in May 2024 with its capacity tripling to 890,000 barrels per day,
  • equivalent to the Keystone Excel pipeline. Previously, the US Midwest was the primary market for Canadian oil,
  • importing 90% or around 4 million barrels per day via North South
  • pipelines from Alberta's oil production heartland. Now, China had ramped up its oil transport through Trans Mountain to
  • an average of 207,000 barrels per day. Since the pipeline expansion, Canada's
  • oil exports to countries outside the US surged nearly 60%, reaching a record
  • 183,000 barrels per day in 2024. This is the ultimate irony. A geopolitical farce

  • 8:03
  • so absurd it's hard to believe. While Trump loudly proclaims on social media about being tough on China and imposing
  • tariffs to contain Beijing, his own policies have handed China a priceless strategic gift. With its insatiable
  • demand for energy to fuel its economy, China found a stable, secure source from
  • a G7 nation with a border stretching to its rival. They didn't need complex
  • diplomacy or economic pressure. They just waited for Trump's short-sightedness to do the job for
  • them. What makes this failure even more bitter is the reality behind Trump's rhetoric. He constantly boasted about
  • making America energy independent. But as the CEO of Cenis Energy, one of
  • Canada's largest oil producers, bluntly told routers, 'The US remains heavily
  • reliant on Canadian oil, US refineries, especially in the Midwest, are
  • specifically designed to process Canada's heavy crude. They can't easily transition to other sources.

  • 9:04
  • In short, this tragic comedy, Trump successfully pushed away an ally,
  • forcing Canada to hand over its strategic oil reserves to China while the US still bitterly depends on it.
  • This isn't negotiation. It's a geopolitical self-inflicted wound. A move that didn't make America great, but
  • instead isolated it and inadvertently strengthened the very enemy he sought to defeat. Trump's I don't think I'll need
  • to now sounds like a self-fulfilling prophecy. He didn't need to extend the deadline because his actions pushed
  • allies to seek deals elsewhere to find new partners and new futures where America is no longer the center. In the
  • end, the cost isn't just the lost barrels of oil. It's the diminished credibility, the loss of a strategic
  • ally, and an indefensible failure on America's own doorstep. Over $700
  • billion in global trade value is quietly shifting away from the United States and

  • 10:01
  • flowing into Canada. While Washington is preoccupied with tariffs, Canada, the
  • quiet neighbor, has suddenly been pulling the economic lifeblood out of the US through key industries like
  • mining, electrification, and logistics. This geopolitical shift isn't an
  • unexpected incident. It's the inevitable result of a prolonged erosion of trust.
  • Historically, the US position was built on the stability of the dollar, military power, and most importantly, the
  • predictability of its policies. However, in recent years, trade wars initiated by
  • Washington, sudden tariff changes, and internal political instability have
  • severely shaken America's position on the global stage. Global corporations and governments who dislike uncertainty
  • began seeking alternatives to mitigate risk. A warning from Seattle Port Commissioner Ryan Kulkins about the 40%
  • drop in ship and container traffic wasn't just about tariffs. It's a sign that shipping companies are proactively

  • 11:05
  • searching for safer and more stable trade route. In this gap, Canada has acted. Instead of making loud speeches,
  • Ottawa has focused on tangible actions. Building modern infrastructure, securing
  • long-term contracts, and maintaining a stable legal environment, Canada has positioned itself as a reliable
  • alternative. With the message, here's the stability, efficiency, and certainty
  • the world is looking for. Canada's strategy isn't just about competition. It's a methodical attack aimed at
  • seizing the choke points, strategic bottlenecks on which the entire 21st Saint century economy depends. This is a
  • takeover executed with five pincers, creating a closed system that neutralizes America's advantages one by
  • one. Canada is pursuing long-term control over battery minerals. Canada
  • isn't rushing to sell resources for short-term gain. It's positioning itself as the gatekeeper of the global EV

  • 12:04
  • industry. Every manufacturer from Tesla to Ford with multi-billion dollar
  • factories has become a hostage to this supply chain. The result, the US may
  • have lost $138 billion in potential battery manufacturing value, not due to
  • a lack of technology or factories, but because of the risk of material shortages. According to the Peterson
  • Institute, this is a loss of industrial sovereignty, a strategic failure that can't be measured in dollars.
  • Controlling minerals is just the beginning. Canada is tightening the noose by turning America's energy
  • dependence into a strategic weapon. For years, the Northeast and Midwest of the
  • US have relied on cheap hydroelect electric power from Quebec and Ontario. This dependence was overlooked until
  • Canada turned it into a weapon. As of the 10th of March, 2025,
  • Ontario imposed a 25% search charge on all electricity exported to the US as

  • 13:02
  • part of initial retaliatory measures against US tariffs on Canada. This sir
  • charge will impact 1.5 million homes in Michigan, Minnesota, and New York,
  • causing losses of up to $400,000 per day if it remains in place. Any power
  • producer selling to the US must add the 25% search charge, which amounts to $10
  • per megawatt hour. This sir charge adds to the $30 billion in retaliatory
  • tariffs already imposed. Currently, Ontario exports electricity generated
  • throughout the province directly to Michigan, New York, and Minnesota. Ontario has 26 transmission connections
  • with neighboring areas. 11 with Quebec, three with Manitoba, one with Minnesota,
  • four with Michigan, and seven with New York. The ripple effects from Ottawa's decision could shake things up big time
  • for Detroit economically and socially. It's a direct hit to the competitiveness

  • 14:01
  • of factories across the rust belt. Higher production costs, slimmer profits, and jobs on the line. That's
  • what's at stake. A single move in Ottawa could spark an economic storm across
  • America's key industrial states. Canada's power price hike. It's not just
  • a jab. It's a calculated double play way beyond simple retaliation. First, it's
  • punishment. a sharp, painful counter punch to US tariff policies. But it
  • doesn't stop there. Sources say Canada's locked in long-term energy deals with Europe and kicked off plans for a
  • transatlantic power cable. This isn't just raising prices. It's Canada weaponizing its energy. They're signing
  • stable, high value contracts with Europe and planning that undersea cable to prove a point. The days of special
  • treatment for the US are over. Canada's energy is now headed to whoever pays top
  • dollar and offers the most stability in the AI race. Canada's pulling ahead, raking in capital and talent with a

  • 15:04
  • jaw-dropping 31% spike in AI investment compared to the US's measly 6%. Take
  • Telus for example. They're pouring 70 billion CAD into projects through 2029
  • with 1.7 billion earmarked for AI and data centers. Canada's building a
  • rocksolid ecosystem with three things the US is sorely missing. Legal stability through data agreements with
  • the EU. Immigration policies that welcome top talent and cuttingedge
  • infrastructure. Meanwhile, America's polarized politics and flip-flopping policies are scaring off investors and
  • experts who don't want the risk. Now, let's talk logistics. The US has long
  • leaned on its geographic edge and hubs like Chicago's rail network, but
  • Canada's flipping the script. In the first half of 20125, US container traffic dropped 12.7%

  • 16:01
  • while Canadian ports like Vancouver and Halifax surged by 26%.
  • Big players like Marisque and CGCM are rerouting from Seattle to Canada's coasts. And here's the kicker. CPKC
  • launched a seamless transport corridor from Mexico to Halifax, completely bypassing Chicago. It's a gut punch to
  • America's inland transport network. Faster by 5 days, cheaper and more efficient. For global corporations, the
  • choice is obvious. Go where it's smarter and smoother. That's why $22.5 billion
  • in port revenue and 27,000 American jobs vanished. Not because of a recession,
  • but because a sharper competitor redrew the trade map right under our noses. These moves aren't random. They're a
  • self-reforcing ecosystem. Cheap energy fuels, mineral processing, AI powered
  • data centers optimized supply chains. Efficient logistics move resources to global markets. And it's all backed by a

  • 17:02
  • stable political environment that keeps pulling in more capital and talent. This is a masterclass in controlling the
  • value chain from start to finish. From raw materials in the ground to finished products on shelves in Tokyo, it's left
  • America isolated and scrambling right in our own backyard. What we're seeing is two opposite trajectories. Canada's on
  • an upward spiral while the US is sliding downward. Canada's stability, both
  • political and legal, is like a magnet for investment. In a chaotic world, that
  • stability is pure gold. Capitals flooding into Canada as a safe haven.
  • The world's best engineers and researchers are flocking to cutting edge, well-funded projects in a
  • welcoming environment. This concentration of money and brain power is sparking a Cambrian explosion of
  • innovation, turning Toronto and Montreal into global a hubs. On the flip side,
  • America's caught in a negative loop. Political chaos, social division, and

  • 18:01
  • unpredictable trade and immigration policies are creating a risky environment. Investors are hitting pause
  • or redirecting long-term projects to safer bets like Canada. Fewer new projects and an uncertain climate make
  • the US less appealing to global talent. Even American citizens are starting to look elsewhere for opportunities. With
  • less capital and fewer bright minds, America's innovation engine is slowing down compared to its rivals. The US
  • isn't just losing companies. It's losing the ecosystem that creates the companies of tomorrow. Once that ecosystem takes
  • root somewhere else, rebuilding it is nearly impossible. This is the kind of loss that cuts deepest. Not just a
  • single battle, but the ability to compete in the wars of the next decade. Canada's proving that in today's world,
  • stability and predictability can be as powerful as military or economic might.
  • Greenland, home to a staggering 36 1 million tons of rare earth minerals, a

  • 19:02
  • colossal treasure trove that Donald Trump from the congressional podium declared the US would take control of
  • Greenland one way or the other. This wasn't just a slogan. It was the public face of a massive, seemingly clandestine
  • plan to annex 12 million square kilometers of Canadian and Greenlandic territory, thereby transforming the
  • United States into the planet's largest superpower. The ambition to control the Arctic has been simmering in Washington
  • since World War II when Nazi Germany ran rampant across Europe. The US, whether
  • through foresight or simple opportunism, swiftly established military outposts
  • and radio stations across the icy island as Denmark fell under occupation. This
  • was no mere situational response, but the first move in a long-term strategy to dominate the shortest, most strategic
  • sea route from Russia to America via the Arctic. Today, as the Russian bear and
  • the Chinese dragon increasingly bolster their military presence in this frigid expanse, America's Arctic dream,

  • 20:05
  • particularly under Trump, has become all the more fierce. From the congressional podium, Trump didn't hesitate to declare
  • he would take control of Greenland one way or the other. A statement that was quintessentially Trump, uncompromising,
  • and perhaps a tad undiplomatic. Imagine if the US successfully swallowed whole
  • both Canada and Greenland. Its land mass would double to a staggering 22 million
  • square kilm, surpassing even Russia and leaving China far behind. We're going to
  • start sending letters out to various countries starting tomorrow. And they'll range in value from maybe 60 or 70%
  • tariffs to uh 10 and 20% tariffs. On the 4th of July, while Americans celebrated
  • their independence with fireworks and parades, President Donald Trump took a different approach. From the East Room
  • of the White House, he launched the next phase of his global trade campaign, announcing that letters would be sent to

  • 21:00
  • countries around the world, laying out new US tariff rates ranging from 10% all
  • the way up to 70%. These tariffs, he said, would go into effect on the 1st of
  • August. The message was clear. Sign a deal or face the cost. With agreements
  • already reached with Vietnam and the United Kingdom, Trump felt vindicated. But one country just across the northern
  • border remains locked in an unusually tense standoff. Canada. And unlike the
  • others this time, Trump's strategy may hit a wall. Trump says he plans to spend
  • part of his Fourth of July holiday sending letters to countries notifying them of their new tariff rates. We have
  • a lot of great things going and we're getting along with countries, but some will be disappointed because they're
  • going to have to pay tariff. Trump's 90 deals in 90 days campaign has picked up
  • pace. The UK locked in a mini deal. Vietnam accepted a revised tariff
  • schedule. According to Treasury Secretary Scott Bezant, around 100 countries could qualify for a 10% base

  • 22:04
  • rate if they reach terms fast. But Canada is taking a different approach.
  • Rather than rushing into a deal, Ottawa has reopened negotiations carefully and
  • only after withdrawing its digital services tax to get back to the table. Even so, no agreement has been
  • announced. What's different this time is that Canada, unlike others, seems
  • willing to push back. Americans are celebrating their country's past and present today on Independence Day. While
  • Canadians are expressing concerns about what the future could hold for the Canada US relationship for months, trade
  • talks between the US and Canada had stalled. In late June, Trump abruptly
  • walked away from the table after Canada moved ahead with its digital services tax, a 3% levy targeting US tech giants.
  • Days later, under pressure, Prime Minister Mark Carney repealed the tax to reopen negotiations, but the concessions

  • 23:00
  • stopped there. Unlike other nations, Canada hasn't rushed to finalize a new deal. Instead, it has taken a quieter,
  • slower approach, reopening discussions, but refusing to give in to every demand
  • that includes Trump's likely next target, Canada's dairy sector. Canada's supply management system, which uses
  • quotas and tariffs to protect domestic milk producers, has long been a sore point for Trump. But for Canadian
  • policymakers, it's a non-negotiable pillar of economic sovereignty. Reforms
  • would require political capital, cross-provincial consensus, and potentially an act of parliament. Though
  • dairy was not officially raised, the idea of including it in the talks has triggered political backlash in Canada.
  • And so far, Carney has not signaled any willingness to make concessions. This
  • resistance is more than symbolic. If no agreement is reached by the the 21st of
  • July deadline, Canada could face tariffs as high as 70% on its steel, aluminum,

  • 24:04
  • and auto exports, sectors deeply integrated into US supply chains. The
  • risk here is mutual. According to Statistics Canada, over 75% of Canadian
  • automotive exports, roughly 80 billion Canadian dollars per year, go directly
  • to the United States. Meanwhile, US manufacturers rely heavily on Canadian
  • inputs, especially in the Great Lakes region. Trump's escalating tactics may
  • spark retaliation, not just diplomatically, but economically. If the US imposes sweeping tariffs on Canada,
  • it could disrupt prosper supply chains, increase prices for US consumers, and
  • trigger political blowback in Midwestern states. I think the reality is we're
  • dealing with a president who is incredibly abnormal and not something we're used to. Trump's tariff first
  • strategy has delivered quick deals in some cases, but with Canada, the calculus is different. This is not a

  • 25:02
  • developing economy, adjusting its terms to avoid disruption. It's a G7 ally with
  • the economic weight and political structure to absorb short-term pressure. By pushing too hard, Trump may risk
  • breaking a relationship that has long benefited both nations. A deal is still possible, but if the US insists on
  • unconditional surrender, Canada may choose to walk. And if that happens, the
  • 21st of July won't just mark a failed negotiation. It could mark the beginning of something far more costly, the
  • unraveling of North America's most vital trade alliance. US President Donald
  • Trump leveraged trade talks to get Canada to back off the digital services tax and now his sights might be set on a
  • bigger fish. Or is it a cow? Trump has long complained about the system in place to protect Canada's dairy industry
  • known as supply management. In 2025, Donald Trump reignited his campaign of

  • 26:00
  • economic pressure. One deal at a time, one threat at a time. He's already
  • pushed Canada back to the table. Now he wants more and his new target isn't steel or tech, it's milk. Trump has long
  • slammed Canada's dairy supply management system, a system he says cheats American
  • farmers and distorts trade. With bilateral talks underway and a 21st of
  • July deadline looming, the question is clear. Will Trump make dairy the next big demand? And if he does, how far will
  • Canada go to resist? Uh, listen, Donald Trump is in Iowa tonight. He has said he
  • will be talking about his trade agenda as it relates to farmers. Sounds like another chance for him to weigh in on
  • his complaints about Canadian dairy. Trump is attacking a system that has defined Canadian dairy for decades.
  • Supply management sets strict quotas on how much milk Canadian farmers can produce and how much foreign milk can
  • enter. Once import quotas are filled, tariffs spike often to 250 or even 300%.

  • 27:06
  • To Trump, that's not partnership, that's protectionism. He says American farmers
  • are locked out, even when agreements like USMCA promised better access. At
  • recent rallies, he's escalated the pressure, linking dairy tariffs to bigger grievances, trade deficits,
  • unfair subsidies, and what he calls a one-sided relationship. His logic is
  • simple. If Canada wants a broader trade deal, the dairy wall has to come down. And for a president who thrives on clear
  • winds, breaking Canada's dairy defenses would be another trophy. But this time,
  • Canada isn't just relying on quiet resistance. In June, the Canadian Parliament passed a law that explicitly
  • prohibits using the dairy system as a bargaining chip in trade negotiations. The legislation passed unanimously,
  • supported by every party. The message, dairy is off the table. For supporters,

  • 28:02
  • the system isn't just about milk. It's about food security, rural jobs, and
  • price stability. Instead of chasing volatile global markets, Canada caps
  • production, sets prices based on actual costs, and avoids overpraction. It's not
  • perfect, but it's predictable. And for smaller farms in Quebec, BC, and across
  • the prairies, that predictability means survival. Still, the pressure is real.
  • The US ambassador has publicly stated that if Trump and Carney reach a deal, Parliament will find a way to follow. In
  • other words, laws can change if the political will is there. And like Mr. Carney is a good man. He's an
  • intelligent man, but he's is the only arbiter of what's in the best interest of Canada. For Prime Minister Mark
  • Carney, the next few weeks will be critical. He's promised to protect the dairy system, but he also wants a
  • comprehensive trade deal with the US, one that restores stability for auto parts, steel, and prosper investment. If

  • 29:05
  • Canada refuses to budge on dairy, Trump could walk away or impose new tariffs starting the 9th of July. But if Carney
  • conceds, the political cost could be severe. Dairy is deeply embedded in
  • Canada's political fabric. The new law was designed to raise the stakes to ensure that any future concession would
  • come with a heavy price, and Carney knows yielding now could fracture support across key provinces. Former
  • officials have already warned about setting dangerous precedents. One retreat invites another. And if dairy
  • falls, what comes next? Water, environment, immigration. This is no
  • longer just a policy debate. It's a confrontation between two visions of power. Trump's brute force leverage and
  • Canada's attempt to defend a domestic model built over generations. If Trump succeeds in cracking Canada's dairy
  • shield, it will be more than a trade victory. It will prove that even the most entrenched domestic systems can

  • 30:03
  • fall under pressure. And if Carney holds the line, it could mark the moment Canada reasserts its economic
  • sovereignty or faces retaliation. Either way, the clock is ticking and the milk
  • fight is just getting started. Um, last night I had a uh a good conversation
  • with President Trump uh and we agreed to recommence uh our negotiations uh with a
  • view to the 21st of uh July deadline that we had agreed in Canonascis. So
  • what can we expect from the Trump administration now that talks with Canada are back on? Canada blinked and
  • Trump seized the moment. Just hours before a controversial digital tax was set to take effect, Prime Minister Mark
  • Carney called President Trump and surrendered. Canada scrapped a law worth 7 billion Canadian dollars, hoping to
  • reopen trade talks that Trump had abruptly shut down just days earlier. It worked. Talks resumed. Trump got
  • everything he wanted without giving an inch. But he's not finished. He's pressing for more. And this time the

  • 31:05
  • price could be even higher. How far will Trump push? And how much more can Canada
  • afford to give here? Canada seemingly has played this cart point in time. And so was it withdrawn out of goodwill? And
  • is it going to get us more than just talks restarting? Trump got exactly what he wanted without offering anything in
  • return. The tax is gone. The 301 investigation candled threatened tariffs
  • suspended for now. But Canada didn't win any tariff relief. As of the 30th of
  • June, the US maintains elevated tariffs on Canadian steel, aluminum, and autos
  • as high as 50% in some categories since March 2025.
  • This follows a pattern. In recent trade talks with the UK, Trump agreed to resume dialogue, but didn't remove
  • tariffs. means the US Canada talks even now are happening with a loaded gun on the table and Trump's finger is still on

  • 32:01
  • the trigger is a big victory for our tech companies and our American workers here at home on this planet. Um and
  • every country on the planet needs to have good trade relationships with the United States. Even after getting what
  • he wanted, Trump didn't ease up. He's still pushing for access to Canada's tightly controlled dairy and poultry
  • sectors, areas protected under Canada's supply management system. And he's gone
  • further, accusing 11 out of 13 Canadian provinces of banning American products
  • from shelves or shutting US companies out of procurement contracts. He's called these moves nasty. And though no
  • new tariffs have been triggered yet, the threat still hangs. Behind closed doors,
  • both US and Canadian negotiators know Trump doesn't let things go. He escalates until he wins more or until
  • the other side walks. In Mr. Carney's comments earlier today, he talked about
  • this being part of a larger negotiation, but he said it was expected as part of a bigger deal. Talked about it not making

  • 33:03
  • sense to collect these revenues and later have to remit them. Almost positioning this, Carney for now is
  • staying calm. He says negotiations are part of a broader deal and emphasizes that everything is still in progress.
  • But behind that calm is concern. Canada has already offered a lot. Since December 2024, the KN government has
  • approved billions more in border security spending. supported the controversial US-led Golden Dome Missile
  • Defense Initiative, passed Bill C2 on border measures, and passed Bill C5 to
  • ease US investment in Canadian critical minerals, and now the DST is gone. The
  • most direct economic concession to date. What has Canada gotten in return? Not
  • much. No tariff relief, no market access wins, no permanent guarantees. Trade
  • expert Stuart TR calls this an extremely high price to pay just to return to

  • 34:01
  • negotiations with no guarantee of success. And the negotiations themselves
  • remain secretive, giving no clarity on what else Canada might be forced to give up next. Both sides are aiming for a
  • final deal by the 21st of July, less than 3 weeks away. But even with talks
  • back on, nothing is certain. If Trump refuses to offer meaningful concessions
  • like tariff roll backs or access guarantees, this apparent victory may unravel. Carney could walk away again,
  • this time with a stronger case. Canadian Parliament might block deeper concessions, especially on agriculture.
  • Or Canada could quietly lean more toward Europe, rebalancing its trade ties beyond Washington. Trump may have won
  • this round, but if he overreaches, if he demands too much, offers too little, and
  • pushes too hard, he risks losing the very deal he just got back on track.
  • Because even the quietest partner can flip the table when pushed too


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