Carney Pushes Back On Trump's Tariffs - Is No Deal Better Than a Bad Deal?

The deadline for a new US-Canada trade deal has passed—and there’s no agreement? In Episode 187, Bill breaks down the latest in the ongoing US-Canada trade conflict, as Trump’s tariffs on Canadian goods imported into the US jump from 25% to 35%. While 90% of products are still covered under CUSMA, key sectors like steel, lumber, and auto parts are being hit hard.Prime Minister Mark Carney and his administration says “no deal is better than a bad deal”, as Canada’s negotiating team returns from Washington empty-handed. With talks stalling and pressure rising, PM Carney is now pushing for a long-term plan to reduce our dependence on the U.S. Bill explains what this means for US-Canada trade, why this week’s failed talks matter, and how the latest round of tariffs could impact the Canadian economy—and your wallet.This is a big week for Canada’s future. Don’t miss it. Stay informed by subscribing to Bill’s Youtube channel and SubStack!Don’t forget to like, follow and subscribe across our channels! Thank you.This episode was recorded on: August 1, 2025Become a YouTube channel member or paid SubStack subscriber to hear Bill’s stories and life lessons from 50+ years as a broadcast journalist in his members-only series, MORAL OF THE STORY: https://www.youtube.com/channel/UCeUbzckOLocFzNeY1D72iCA/joinListen to The Bill Kelly Podcast everywhere: https://kite.link/the-bill-kelly-podcastYouTube: https://www.youtube.com/@TheBillKellyPodcast/featuredBlueSky: https://bsky.app/profile/thisisbillkelly.bsky.socialFacebook: https://facebook.com/TheBillKellyPodcastInstagram: https://www.instagram.com/thisisbillkelly/LinkedIn: https://www.linkedin.com/in/thisisbillkelly/TikTok: https://www.tiktok.com/@thebillkellypodcastSubStack: billkelly.substack.com/*Comment ‘likes’ on behalf of this channel are an acknowledgment of your comment, not necessarily an endorsement of its contents. Thanks for joining these critical discussions in critical times!CHAPTERS00:00 Introduction to Current Trade Tensions00:55 Impact of Tariffs on the Canadian Economy03:13 Canada's Response to U.S. Trade Policies05:09 The Importance of Economic Diversification07:03 Consequences for Key Industries10:21 Future Economic Outlook and Consumer ImpactFURTHER READINGViable trade deal wasn't on the table ahead of deadline, Canada-U.S. trade minister says: Business groups raise concerns but say 'no deal is better than a bad deal'https://www.cbc.ca/news/politics/reaction-trump-tariffs-canada-deadline-1.7599650The 35% tariff kicked in today on Canadian goods. How big of an impact will it have?https://www.cbc.ca/news/business/what-in-canada-is-subject-to-35-per-cent-tariff-1.7600029Five things now pricier in Canada due to tariffshttps://www.bbc.com/news/articles/c1w8jq88xzloHASHTAGS#News#Politics#BreakingNews#PoliticalNews#PoliticalCommentary#NewsToday#NewsUpdates#NewsCommentary#PoliticalCommentary#CanadaNews#TodayNews#Tariffs#TrumpTariffs This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit billkelly.substack.com/subscribe