What the hell guys, I take one week off as a vacation, one week to take my family on a nice trip to go see a big rock in the middle of the Gulf of Saint Lawrence And this is what I come back to trade talks between Canada and the US abandoned new trade war between the two countries Lake of America one week I’m gone and everyone starts losing their minds anyway, I’m back now you missed my terror videos because I didn’t but let’s talk about it, Let’s talk about what the hell happened. 见鬼了伙计们，我就休了一周假带家人去圣劳伦斯湾看了块大石头，回来就发现加美贸易谈判破裂，两国即将爆发新贸易战。我才离开一周整个世界就疯了是吧？虽然你们肯定没想念我的恐怖视频（因为我自己都没想），但咱们还是得聊聊——这到底怎么回事？
Between Canada and the US because as most people know by now, trade talks fell apart last Friday and since then we’ve had a lot of details come out about what exactly caused things to collapse, seemingly in the 11th hour by the way, the trip was actually very nice I feeling very rejuvenated so ready to dive back into the sledge catch have run up to speed in early August amid an upcoming deadline from the US for the imposition of new 50% section 338 tariffs. 加美贸易谈判上周五突然崩盘后（顺带一提度假体验很棒，我现在元气满满），随着细节不断曝光，我们终于看清这场临门一脚的谈判为何破裂。事件要追溯到八月初，当时美国设定最后通牒要对价值200亿加元的加拿大出口商品加征50%的338条款关税。
Against $20 billion US dollars worth of Canadian exports.We saw the two countries start to meet up for trade negotiations and for a while.It really looked like a trade deal was going to happen. Canadian negotiators were frequently traveling to Washington, leading up to the deadline of August 19th. 在8月19日截止日前，加拿大谈判代表频繁往返华盛顿，期间确实看似即将达成协议。就在截止日前夕的周二，特朗普突然宣布将关税暂缓至周六，声称两国已达成框架协议，并莫名强调加拿大同意重启Keystone XL管道项目。
And on the Tuesday, the day before the deadline, Trump announced that he would be pausing tariffs until the Saturday, as the two countries had seemingly agreed to a framework of a deal, with the president adding pretty randomly that Canada had agreed to kickstart the Keystone X Pipe project. （注：这个旨在扩建输油管道的项目早在2021年就被美国否决，而加拿大石油正是美国对加贸易逆差的唯一原因。总统一边抱怨贸易失衡一边庆祝可能获得更多加拿大石油，实在诡异。）
Which for those unfamiliar was a long existing project to expand the existing Keystone pipeline system and create a more effective route south to the US.To the Gulf Coast.Which was a bit of a weird thing to bring up with all this since it was actually the US that.Vo the project back in 2021 and Canadian oil is the only reason the US has a trade deficit against Canada, so celebrating that the US might be getting more Canadian oil when the president keeps lamenting.The trade imbalance.Is a bit odd, but nonetheless, it seemed to suggest that things were progressing that the two countries had at least agreed on this other project. 不过此举至少显示谈判取得进展，双方似乎在这个项目上达成共识。两国首席谈判代表都强调只剩细节待敲定，当时协议具体内容虽未公开，但已知双方都做出让步：
And that seemed to be benefiting this trade deal, with top negotiators for both countries highlighting that it was just a matter of finalizing the specifics.Now, the details of the trade deal weren’t published publicly, but we did have both sides coming to the table with some offers. 加拿大愿意取消对钢铁、铝材和汽车零部件的报复性关税，推动各省取消酒类销售禁令，并放宽乳制品关税配额允许美国零售商直接对加销售（目前仅限经销商）。
The Canadians willing to drop retaliatory tariffs against steel, aluminum and auto parts.Encourage provinces and territories.To undo the ban on alcohol sales.And amend dairy tariff rate quotas to allow US retailers to sell directly into Canada, given that currently only distributors can, while the Americans seemingly unwilling to completely abandon tariffs. 美国方面虽不愿完全取消关税，但同意将钢铝关税从50%降至25%（仍受配额限制），完全取消10%的232条款木材关税（但保留反倾销反补贴税），汽车零部件关税则可能从25%分阶段降至7%。
Or at least offering some reductions.Agreeing to reduce the steel and aluminum tariffs from 50% to 25%.Though that would be subject to a tariff rate quota to completely drop the 10% section 232 tariff on lumber, although the commodity would still be subject to other US tariffs specifically around anti dumping and countervailing.And auto parts could see their tariffs reduced from 25%.To 15%.And possibly even further to 7%, depending on certain conditions. 然而上周五突发剧变，马克龙总理紧急召回渥太华的谈判团队，当天晚些时候发表声明宣布终止与美国的谈判，并将对8月22日生效的50%关税实施报复——整个贸易协议在几小时内彻底崩盘。
But on Friday, we got the pretty shocking update that Prime Minister MarkCarney had recalled his negotiators back to Ottawa.With the Prime minister issuing a statement later that day, highlighting that he had cut off negotiations with the United States.And would be retaliating to the now to be implemented 50% tariffs.Coming from the US effective August 22nd, with all the trade talks seemingly falling apart in just a matter of hours.So what the hell happened. 究竟发生了什么？目前双方各执一词：马克龙指责美国在最后关头提出有损经济公平和魁北克法语立法等主权问题的要求；美国首席谈判代表詹姆斯·格雷尔则反指加拿大临时增加条款并推翻承诺。
Well, here, it’s a bit of he said she said, Mark Carney, for his part, has accused the US of implementing some last minute demands.That were unfair, uneconomic.And called in to question the reliability of any deal with Quebec’s Premier Christine Frict, highlighting that the US was going after matters that would affect the country’s sovereignty and even Quebec’s French language legislation.Well, on the USS. side, America’s top negotiator here, James and Greer, likewise accused Canada of additional demands.And walking back other commitments So depending on which side you subscribe to very different tellings of what caused things to fall apart here. 随着内部人士向媒体爆料，目前已浮现四大核心矛盾点：首当其冲的是美国商务部长霍华德·卢特尼克——他对格雷尔谈判结果不满，亲自介入钢铁、铝材和汽车领域的条款修订。
But since trade talks were cut off last Friday, we’ve since had a number of details come to the surface.Thanks to journalist interviews of insiders and industry members who were briefed on the details.Highlighting just.How many gaps there were between the two countries?And their positions with this trade deal.With there seemingly being four main irritants that resulted in Canada walking away here.With the first being.Howard Lutnick, the US Secretary of Commerce.Who seemingly intervened after being dissatisfied with Greer’s negotiated terms.On a number of areas.Specifically, steel, aluminum and automobiles