"They offered too little. We couldn't accept it. They asked too much. We wouldn't give it." — Carney on walking away from US talks
Mark Carney addressed Liberal caucus after the summer break. John Richardson (ExpatriationLaw) posted the speech with this frame: Canada is "fully committed to deleveraging from the USA" — "not anti USA. It is simply pro-Canada sovereignty."
Carney on the suspended negotiations:
> "Last month, we made the right decision to suspend our negotiations with the United States."
> "They offered too little. We couldn't accept it. They asked too much. We wouldn't give it."
> "When the U.S. is ready to return to the bargaining table, we will come there ready to strike a deal in good faith, one that respects our sovereignty."
On new US tariffs:
> "The United States has imposed new unjustified tariffs... a fight that they did not start."
On investment tax:
> "The effective tax rate on new investment will be the lowest of any major economy in the world, less than half the rate of the United States."
> "We didn't need a big, beautiful bill. We needed a targeted initiative."
Same energy line from the other clip, with the project named this time — hydro, wind, and storage with Newfoundland and Labrador, Quebec, and Indigenous partners:
> "The functional equivalent of 18 Hoover Dams. Enough to light, heat and cool every home in Toronto, Montreal and Vancouver combined."
Also claimed: ~$500B in new investment commitments, 20 trade/security deals on five continents, exports to non-US markets at a 40-year high, and "one project, one review, one year."
If you live this on both sides of the border, the practical overlay is familiar: trade rupture, capital trying to re-route, and a Canadian tax pitch aimed squarely at being cheaper than the US for new investment.
Source: https://x.com/ExpatriationLaw/status/2101263047012569167