We have specific concerns about the impact that the preferential tariffs on Korean vehicles might have on our members, both those who are importing from Japan and those who are investing in manufacturing in Canada, for small vehicles in particular, which are very popular with Canadian consumers and are very price-sensitive, because they're at the entry level of the market.
Right now, Korean vehicles already have a huge currency advantage, because the Korean won has depreciated against the Canadian dollar, and the Japanese yen has been appreciating against the U.S. and the Canadian dollar. An additional 6.1% tariff advantage would certainly just compound the problems for our member companies.