Mark Carney Warned Auto-Industry Will Collapse If Current Trade Deal Approved - New Details Revealed

Secondly thing that is true is we have the best deal with the Americans and the third thing that's true is we will get even better.

Nobody held a gun to the Prime Minister's head and said that you have to go out and say he's going to get a better deal than Kuzma.That was his choice to do that and those words he may regret saying in the future.

Mark Carney promised Canadians he would secure a better trade deal than Kuzma but that's not what's being negotiated.Canada is still talking about giving significant concessions, and according to auto industry insiders, the US proposal of a 15 % tariff on Canadian -made vehicles would still spell the end of the last car made north of the border.Let's take a look.

The president declaring victory.Yeah, we had a very good conversation with the prime minister last night.And we've come to a deal with Canada.

A deal the prime minister says still requires work to be officially completed.But a source with direct knowledge of the talks has laid out his framework to global news.The Americans are set to cut current steel, aluminum, and auto tariffs on Canada.But softwood lumber is unlikely to get a cut.Details on the exact reductions aren't clear, but Donald Trump did confirm it would take place.

We may bring some of the tariffs down.to a level where other countries are, because Canada was paying a higher tariff.

Negotiations are continuing, with Canada's chief negotiator staying in D .C.for talks, particularly on autos.What level new auto tariffs will land at, and what they specifically will apply to, is still being decided.Auto industry insiders had warned the Carney government if they accept the main U .S.

proposal of a 15 % tariff on Canadian -made autos and parts, auto plants would close after their current model's production was done.The source also said there will still need to be more auto negotiations once free trade talks start.In terms of what Canada gave up, the White House publicly said Canada moved on three sectors, including dairy.

We needed to protect supply management.We needed to ensure that the supply management regime remained entirely intact.And I'm confident that that's the case.

The US had been seeking changes to rules on the types of dairy products that could be sold into Canada tariff -free.And while there are still negotiations, that seems likely it will happen.The Americans also said there was movement on Canadian retaliatory auto tariffs, but the big one is putting U .S.booze back on provincial store shelves, which has put the premiers into a bit of a corner.

The ask of the prime minister is for some of the procurement rules that have been put in place by a number of provinces, specifically around American alcohol, that those would be changed in the near future.

So no booze, no deal.The source saying they believe the current deal is better for most provinces than having to threaten 50 % tariffs coming into place.But watch for additional government help or policy changes for businesses or provinces who might not be happy with this potential deal.

OK, so what does this mean?Well, it means that David EB is in a bit of a pickle because recall that he said that there's no way in hell that he is going to be allowing American made alcohol to be taken off of the shelves of the liquor stores in British Columbia while while softwood lumber is under threat of US tariffs and has tariffs on them.So given this, this reporting from Global News, it's going to be interesting to see how David Eby actually reacts to this.Prime Minister Carney asked all the premiers yesterday to look at taking the alcohol off the shelves.If David Eby doesn't take the alcohol off the shelves, then there may be no deal, which means the 50 % tariffs are coming into place.And that new deadline, folks, there is a new deadline that is on Saturday, 22nd.

So that's the new clock that is ticking on Canada and the negotiating teams of the United States and the Mark Carney Liberal government.So this also means that Mark Carney, shocker, he's not going to live up to his promises.to one of his promises, and he's not going to live up to one of his statements made in the House of Commons back on October 8th, 2025.

It was not a promise, it was the promise that he ran on.

So Mr. Carney stood up in the House of Commons and said that we have the best deal in the world and I'm going to make it even better.Really?Really.Well, it's interesting because there is a panelist that went on CBC and this is what he was talking about when it came to Mr. Carney's previous commitments and how that kind of reflects the situation that we're in now.

Let's say I'm right, and he does.What would you advise him on how to handle whatever comes tonight if he's going to speak about it tomorrow?

Well, before I say that, I should say that, you know, with the three statements that the Prime Minister made, and nobody held a gun to the Prime Minister's head and said that you have to go out and say he's going to get a better deal than Cousin.That was his choice to do that.And those words he may regret saying in the future.But fast forward to where the Conservatives are, it wouldn't surprise me if they're, you know, be out tomorrow.I've noticed, and I think many people have noticed a shift in their strategies, shift in their communications over the last, say, four weeks with a new critic for Canada -U .S.

relations, to trying to provide not only trying to provide a critique and as the leader of the opposition to oppose the government's position, but trying to provide a critique of some other ideas, some other policy ideas, which the government might introduce, whether it's a strategic minerals reserve, whether it's a variation on the auto path to reduce the potential impact of tariffs.And if you will remember in the last election campaign, between basically Mississauga and the Kennedy U .S.border in Windsor, there's only maybe three or four liberal seats that are left.Those people voted for Mr. or Polly of because of what he was offering in terms of the manufacturing sector, in terms of the auto sector, and the risks that were faced by President Trump.So you have seen that subtle shift in messaging, that oppose but propose, which I think is a wise strategy.

And I think having somebody like Mr. Majumdar out, who I can say in the past I have worked with, has worked on foreign policy files, understands the nuance of diplomacy, understands the nuance of negotiation,is a smart strategy to try to differentiate yourself and not just be oppose, oppose, oppose.Because as Melanie points out, that will only get you so far in this game.And Canadians are looking for positive critiques.They are looking for positive solutions and alternatives if, in fact, this doesn't work out tonight.At the end of the day, the buck does stop with the prime minister.

So as it relates to Mark Carney, this is what happens when you have an amateur politician.You have a lot of big promises, a lot of big commitments.I'm gonna do this.Well, you may say you're gonna do that, but there's a lot of government machinery, and especially if it's outside of your government and in other governments around the world, there's other government machinery that you have to contend with.So he said that he was gonna get a deal in July by the time the G7 met, July of 2025.And that didn't happen.

Then he said, well, you know, it's going to be another couple of weeks.And then that didn't happen.Then it was going to be August.And then that didn't happen.And then it didn't happen.Now, the fascinating thing, this is October 8th, 2025.

This is right before talks completely fell apart with the United States.That's the irony of this statement right here.And the question has to be asked by Canadians across this country.Where are we going to be at the end of this?And Mr. Carney has not been transparent in the least.The only thing that we know right now is, well, he's asked the premiers to take booze off the shelves.

Well, we've been able to cobble together some information from Global, from Reuters, from Global Mail.and we've put it all together.And this, right now, this is what we are of the understanding that is still in discussion.This could change their negotiations.They could change on a dime.They could fall apart and we're back to square one.

But as of right now, for all of the people that have been talking to all of their anonymous sources inside the negotiations, this is where we're at.So what the US is going to give up, So they're looking to cut auto tariffs from 25 % to 15%, keep an exemption for U .S.made content in Canadian built autos, cut steel tariffs to roughly 10 % to 15 % within a quota, cut aluminum tariffs to a single digit rate without or within a quota.They're going to not proceed with the 50 % tariffs, obviously.And when we're looking at what auto tariffs are, They're demanding, so it's drop all retaliatory tariffs and the provincial bans on alcohol, scrap or scale back the Buy Canadian, accept the U .

S.interpretation of dairy, and there's obviously been some movement on there.We'll see what happens.Donald Trump is saying that all of the farmers are not going to pay any tariffs going into Canada.That will be interesting to see what that means.Give the U .

S.first right of refusal on critical minerals, move ahead with the F -35 purchase, buy U .S.defense systems, Golden Dome, and provide some assurance of increased oil and gas exports.And that seems to be in reference to what Donald Trump was saying about the Keystone pipeline.We'll see.

But I think what is becoming clearer is this is not going to be a great deal for Canada.The premiers are trying to say that it is.but auto industry experts are saying if you settle on a 15 % tariff, after we're done, the current model, plants are closing, jobs are leaving Canada, and they're not coming back.So when it comes to what is actually being discussed, it would be nice if Mr. Carney actually talked to some people.It would be nice if his team talked to some people.Instead, their strategy has been go down, negotiate, agree to a bunch of stuff, and then come back and tell the premiers, this is what we're agreeing to.

Well, they don't really have an opportunity to say anything then, do they?So negotiations are still going on today.And if they don't wrap up today, they will continue tomorrow.And then tomorrow, we're going to be in the same situation we were on Tuesday, in that we have a deadline coming up of 50 % tariffs.And if they can't get it over the finish line, then We're in a world of hurt, Canada, on Saturday.But even if they do get it over the finish line, sure, things are going to be better than what they are now.

But Mr. Carney is not going to have lived up to his election promise, the promise he made to Canadians across this country.He's not going to live up to what he said in the House of Commons on October 8th, 2025, that he's going to give us a better deal than the current Kuzma deal or USMCA.And we may end up with the end of the auto industry.in Canada if they proceed with accepting this deal.And we may also end up with David Eby not complying because he stands by his commitment of hell will freeze over.before he puts booze back on the shelves that is made in America with the softwood lumber situation unchanged.

Well, sounds like nothing is happening with softwood lumber.So does that mean all bets are off or does it mean he's going to capitulate?And if that's the case, we have to ask the question, what does this mean for the auto sector in Canada?Mr. Carney won't tell anybody, but Canadians need to know.