The Canadian trade relationship with the United States is deteriorating due to escalating tariffs. Canadian counter-tariffs have been implemented in response to widening American tariff measures, potentially leading to further economic conflict. Carleton University business professor Ian Lee discusses these developments with the National Post’s Rob Breakenridge, emphasizing the need for Canadians to acknowledge harsh economic realities. Lee warns that without careful handling, Canada could face severe consequences such as a potential recession or capital flight from the country, indicating significant economic damage if the trade war continues.