Thank you, Mr. Chair.
Just building on that, many people suggested that, if there's something that happens with Taiwan, the American-led response will be similar to their response for Ukraine—in other words it will be non-kinetic, non-military.
In that context, maybe you could describe to us, based on your knowledge and analysis, the kinds of non-kinetic responses we would see, like sanctions, and how that would impact Canada and Canadian interests. Just say one last thing about that.
The U.S. is relatively autarkic as an economy. It exports about 1% of its GDP to China and imports about 1% of its GDP roughly in imports. China exports between 5% and 10% of its GDP to United States consumers and imports a lot as well, much more in excess of 1% of its economy, from the United States, so it's much more reliant on U.S. trade than the United States. It's a similar kind of relationship we have with the United States. About one-fifth of our GDP is exported to the U.S., and they only export about 1% of their GDP to us.
In that context, with an American-led economic response to a threat to Taiwan, what is the impact on our economy and our interests?