Thank you, Mr. Chair.
Mr. Dade, thank you for being with us again this morning. Your presence is always appreciated.
I understand that the renegotiation of NAFTA will be a lengthy process, that it will take years, and that it will be complicated by mid-term elections, the elections in Mexico, and of course the general political situation in Washington, in view of everything that is happening there right now.
There is another potential factor that you did not mention. I would like to hear your thoughts on the BAT or border adjustment tax.