Thank you for that. I would just note that despite all the fanfare about travelling around the world and trying to attract foreign investment, the reality is that according to Statistics Canada's May 29 release, business capital investment in Canada declined 0.7% last quarter, the fifth consecutive quarterly decline. None of this seems to be working. Business capital investment is in fact declining, notwithstanding foreign investment flows. I just want to make that point.
To go back to the earlier point, it just seems to be somewhat contradictory to build fortress North America, which implies a tariff wall around North America, and then to try to further diversify trade in the Indo-Pacific region and in Europe. I would point to the fact that today it's been reported that the Prime Minister was talking to President Trump about the 49,000 electric vehicles that the government has decided will be admitted to Canada at a much reduced tariff. To me, that seems to be an example of the incongruity between building fortress North America and at the same time agreeing to allow 49,000 EVs manufactured in the PRC into Canada.
Again, it seems to be a contradiction. I think, from what I've been reading, some European allies are actually questioning how fortress North America is consistent with diversifying trade with the European Union.
