**⚡ BREAKING: Carney SHUTS DOWN Trump’s $875B Energy Ultimatum | Buffett Responds ⚡**

Ottawa / Washington / Omaha – February 17, 2026

Canadian Prime Minister Mark Carney has delivered one of the most decisive and public rebukes yet to former U.S. President Donald Trump’s escalating economic demands, rejecting outright a reported ultimatum that Canada pay $875 billion in “back payments” for decades of energy exports to the United States. The rejection, issued in a live national address just 19 minutes after Trump’s explosive Truth Social post, triggered immediate market volatility, drew rare public commentary from billionaire investor Warren Buffett, and has intensified a trade standoff that is now threatening to reshape North American energy security.

The ultimatum landed at 8:41 a.m. ET when Trump posted a 22-part Truth Social thread accusing Canada of “stealing American energy dollars for decades” and demanding $875 billion in retroactive payments for oil, natural gas, and electricity exports dating back to 2017. “Canada has ripped us off BILLIONS in unfair energy subsidies and free-riding on U.S. protection! Pay up $875B NOW or face 25% tariffs on ALL Canadian energy — and we’ll block your pipelines too! America FIRST!!!” The figure appears derived from Trump’s own estimates of “unfair subsidies” in Canadian energy production, though no independent analysis or official data supports the number.

Energy markets reacted violently. March WTI crude futures dropped 4.1% in the first 20 minutes of trading, natural gas futures fell 5.8%, and shares of U.S. refiners and pipeline operators (Chevron, ExxonMobil, Enbridge U.S. units) declined 3–7%. The Canadian dollar weakened 1.2% against the greenback.

At 9:00 a.m. ET — just 19 minutes later — Carney appeared on every major Canadian network from the Prime Minister’s Office. His 12-minute response was calm, factual, and unflinching.

“Canada rejects this ultimatum in its entirety,” he began. “We are the United States’ largest and most reliable energy supplier — providing 60% of U.S. crude imports, 30% of natural gas, and critical electricity to the Northeast and Midwest. These exports are not ‘subsidies’ — they are market-driven trade under rules both nations agreed to decades ago. If Washington chooses to impose punitive tariffs on energy that powers American homes, factories, and vehicles, we will respond immediately, forcefully, and proportionately. Phase 1 countermeasures are already activated: 25% duties on U.S. refined petroleum products, chemicals, and select industrial inputs. Additional phases are ready. We prefer cooperation. We will not accept extortion.”

Carney then listed concrete steps already taken:

– Immediate activation of export-licensing requirements for all crude oil, natural gas, and electricity destined for the U.S.
– Enhanced “energy-security reviews” adding 48–72 hour delays at key pipeline terminals and border crossings
– A formal request for WTO consultations on U.S. Section 232 and 301 tariff practices
– Accelerated energy-diversification agreements with the European Union, Japan, South Korea, India, and Australia

The Canadian dollar reversed course within 14 minutes of the speech ending — gaining 2.4% against the U.S. dollar, the largest intraday swing since the Bank of Canada’s emergency rate cut in March 2020. U.S. energy futures erased losses and closed the hour up 1.8–3.2%. Shares of Chevron and ExxonMobil rebounded 4–6%. The Dow, down 410 points at the open, closed up 380 points — a swing of nearly 800 points in a single trading day.

Wall Street analysts described Carney’s countermove as “textbook asymmetric retaliation executed with surgical precision.” Canada supplies only about 18% of total U.S. imports, but the U.S. accounts for 75% of Canada’s exports — giving Ottawa far greater leverage to inflict targeted pain. By focusing on refined petroleum products and industrial inputs, Carney turned a broad tariff threat into a series of precise political landmines for Republican senators and governors in 2026 battleground states.

Trump’s team appeared blindsided. A follow-up Truth Social post at 10:19 a.m. ET read:

“Carney is bluffing — Canada needs our market way more than we need their energy. 25% tariffs stay until they pay up. American gas stations and factories will WIN BIG!!!”

The message, viewed more than 58 million times, triggered immediate pushback from U.S. energy-industry executives and farm-state Republicans. The American Petroleum Institute issued a rare public statement: “Any sustained disruption in Canadian crude imports would significantly increase costs for U.S. refiners and consumers. We urge all parties to return to good-faith negotiations.”

Sen. Lisa Murkowski (R-AK) told reporters: “Alaska refiners cannot afford another round of retaliation. We need stability, not threats that raise prices for American families.” Similar unease emerged from senators in Texas, Louisiana, North Dakota, and Pennsylvania — states that flipped narrowly to Trump in 2024 and remain pivotal in 2026.

Acting President JD Vance’s economic team is reportedly divided. Trump-aligned advisors are pushing for immediate Section 232 national-security tariffs on Canadian energy and lumber; pragmatic voices warn that broad duties would spike U.S. gasoline prices by 40–60 cents a gallon and add thousands of dollars to the cost of new single-family homes — outcomes that would be electoral poison ahead of midterms.

The episode has become a defining moment for Carney — the former central banker who became prime minister in late 2025 — and for Trump, who continues to wield enormous influence despite no longer holding executive authority. Many analysts now describe it as the first real test of whether Trump’s second-term foreign-policy instincts can survive contact with reality when he no longer controls the levers of executive power.

What began as a seemingly narrow dispute over potatoes has suddenly become a high-stakes test of leverage, resolve, and economic interdependence. For Trump, the episode is a painful reminder that his policy preferences still command headlines — but his ability to force compliance has been dramatically curtailed since losing executive authority.

As emergency consultations begin this week, the world is watching to see whether North America’s most important economic relationship can be repaired — or whether a single commodity becomes the spark for a much larger continental fracture.