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Trade deal talks between the US and Canada just collapsed, and Mark Carney has confirmed that the two countries are in a trade war. Many Canadian politicians are now threatening to cut off energy flowing into the US, but thereâs just one problem. Doing so would cripple more than half of Canada too.
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00:00 â Trump declares a trade war on Canada
01:58 â What tariffs are actually good for
05:48 â Canada wants the benefits of being a US State, without being one
08:58 â Why this is really about China and Iran
11:07 â Luxury beliefs, and who pays for them
15:22 â Why tariffs don’t make a country richer
20:40 â What’s actually being tariffed
23:33 â How Chinese steel becomes a North American car
30:01 â Ontario threatens to cut off the energy
32:09 â The pipeline they cancelled, and the leverage they lost
41:19 â How long until somebody flinches?
44:01 â The demand that actually broke the talks
48:47 â The conversation Canada didn’t want to have
57:23 â Why everyone is waiting on the midterms
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