Uploaded September 2026 | Updated September 2026, 1 day ago
On this episode of Counterpoint, host Tanya Granic Allen sits down with economist Dr. Ian Lee to break down the collapse of the Canada–U.S. trade talks and what it means for the economy. Dr. Lee explains why a smaller economy always pays the higher price in a trade fight, how tariffs act as a tax that raises prices and cools growth, and why the auto sector, business investment, and jobs are all on the line. He also makes the case for why Canada must diversify by developing and exporting its natural resources to global markets. A candid, realist conversation about the risks of walking away from a deal, and the path forward.
TIMESTAMPS
00:00 Intro
00:20 38 years teaching, and an unprecedented moment
03:07 Why the smaller economy pays the bigger price
04:28 How the deal fell apart, premiers and the China factor
10:20 Tariffs are just a tax on consumers
13:23 The auto sector on its last legs
14:28 Uncertainty, bankruptcies, and capital flight
17:29 Trump has signed 16+ trade deals, can Canada?
20:45 Canada's salvation: exporting our resources
GUEST
Dr. Ian Lee: Associate Professor - Carleton University
CounterPoint
Host: Tanya Granic Allen
FOLLOW US
• Subscribe: youtube.com/@TheNewsForum
• Twitter/X: https://x.com/thenewsforum_
• LinkedIn: linkedin.com/company/the-news-forum
Hashtags
#Counterpoint #IanLee #CanadaUSTrade #Tariffs #TradeWar #CanadianEconomy #MarkCarney #Trump #CDNpoli #Recession #AutoSector #NaturalResources #Economy #CanadianPolitics #Trade
On this episode of Counterpoint, host Tanya Granic Allen sits down with economist Dr. Ian Lee to break down the collapse of the Canada–U.S. trade talks and what it means for the economy. Dr. Lee explains why a smaller economy always pays the higher price in a trade fight, how tariffs act as a tax that raises prices and cools growth, and why the auto sector, business investment, and jobs are all on the line. He also makes the case for why Canada must diversify by developing and exporting its natural resources to global markets. A candid, realist conversation about the risks of walking away from a deal, and the path forward.
TIMESTAMPS
00:00 Intro
00:20 38 years teaching, and an unprecedented moment
03:07 Why the smaller economy pays the bigger price
04:28 How the deal fell apart, premiers and the China factor
10:20 Tariffs are just a tax on consumers
13:23 The auto sector on its last legs
14:28 Uncertainty, bankruptcies, and capital flight
17:29 Trump has signed 16+ trade deals, can Canada?
20:45 Canada's salvation: exporting our resources
GUEST
Dr. Ian Lee: Associate Professor - Carleton University
CounterPoint
Host: Tanya Granic Allen
FOLLOW US
• Subscribe: youtube.com/@TheNewsForum
• Twitter/X: https://x.com/thenewsforum_
• LinkedIn: linkedin.com/company/the-news-forum
Hashtags
#Counterpoint #IanLee #CanadaUSTrade #Tariffs #TradeWar #CanadianEconomy #MarkCarney #Trump #CDNpoli #Recession #AutoSector #NaturalResources #Economy #CanadianPolitics #Trade
