The removal of the tariffs was a very important step for the Canadian steel industry, as you can well appreciate. They really eroded our competitive position. As I mentioned already, that saw a lack of investments coming into the industry.
Now that they've been removed, we've addressed a significant part of our problem in the United States, so that's good, but overall we still have the import problem to address. I would not be doing my job well if I painted the portrait that things are rosy now that we have solved the tariff crisis. While we're very grateful for that, we still have these crazy challenges.
The good news is that we can now work together with the United States to solve some of these issues. That really points to truly seeing investment start to roll significantly in the sector and seeing the competitive position come forward. I think it really points to continuing to take a look at the trade remedies system and continuing to make sure that we're treating imports well, that we know what's coming into our country, and that we know how it's being handled, especially in steel.
I mentioned earlier the overcapacity. It's about 36 times the entire Canadian production, the steel out there trying to get in. These are forces that are well outside of all our control, yet it is very necessary for us to be aware of them and to ensure we're doing what we can to avert the dramatic impacts that they're having on the sector.