Countdown to PM Carney’s US Trade Deal Promise
26 Days Left!
@MarkJCarney continues to flip-flop while issuing new threats to the world’s largest economy like an emperor with no clothes. (Sorry to sound harsh but our hard-earned property values are at stake.)
On June 16, 2025, Mark Carney had posted on X of his pledge to have a US trade deal on the remaining trade disputes in “thirty days”, which would have come due on July 16, 2025.
Then, just 3 days later, on June 19, 2025, seemingly after the countdown posts, Mark Carney had posted the very awkward statement, “We will take the time we need to negotiate the best deal for Canada, but no longer.”
If that is not confusing enough, on June 19, 2025, Mark Carney had issued a news release stating that the 30 days to resolve the “trade crisis” would fall due on July 21, 2025, which is actually 32 days.
Then, also on June 19, 2025, Mark Carney had re-engaged in dangerous and divisive threats of new counter tariffs against the USA., falsely citing an effort to build “the strongest economy in the G7”.
The strongest G7 economy, by any measure, is the USA. Even if Mark Carney negotiated new trade deals with each G7 member other than the U.S., namely France, Germany, Italy, Japan, and the United Kingdom, the combined economic size of these countries would not match that of the United States. Based on 2024 IMF data, the GDP of these five G7 nations totals approximately $17.5 trillion, while the U.S. GDP stands at around $28.8 trillion. This means their combined economic output is only about 61% of the U.S. GDP, falling short by roughly $11.3 trillion, highlighting the significant gap in economic scale.
This is why resolving the remaining trade disputes with the U.S. is vital for Canada. Canada cannot be “the last country that tries to negotiate a trade deal” because “the last will absolutely lose” (Eric Trump on X 2025-04-03).
President Trump has said that those countries without a trade deal will get a “Take it or Leave it” letter.
That could make it so much worse for Canada.
Remember the example of the UK in resolving this situation. The UK should be commended for being among the first and few to seize the opportunity for a trade deal with the US.
The PM needs to stop playing games and deliver results for Canadians. 26 days left!
Questions to consider
Why has there been no improvement in any economic indicators due to Mark Carney’s “plans”?
Why did the UK, Canada’s mother country, move so quickly to secure a US trade deal, yet Canada, the second smallest G7 country by GDP, believes it can threaten additional counter-tariffs to achieve a favorable outcome?
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Palace Place, 1 Palace Pier Court, and Palace Pier, 2045 Lake Shore Boulevard West, in Humber Bay Shores.
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Luke Dalinda, Realtor. Royal LePage Real Estate Services Ltd., Brokerage.
View all current and past Palace Place listings for sale here.