Absolutely, and we've laid out a number of priorities for the government to make Canada more competitive.
If you look back in history, when you have a protectionist U.S., fighting protectionism with protectionism doesn't work. We are the smaller partner, and we have to work in a new reality with a more protectionist United States. Think about U.S. tariffs as equivalent to one of the largest corporate tax hikes in American history. That's what it ultimately does. Costs are borne by Americans and American companies.
What do you do in response to that as Canada? You can retaliate. You won't win that battle. We've learned that lesson. Your second-best option is to make Canada ultracompetitive.
We should be doing everything possible right now to position this country as the best destination in the world for new auto investment and new investment writ large in every sector of the Canadian economy. Get rid of redundant, damaging regulations like the EV mandate. Address interprovincial trade barriers that make it extremely costly and challenging for large companies to operate across this country. Build out a world-class pitch for new automotive investment. We can do that right now, and we can make Canada more cost-competitive than the United States for auto manufacturing.
That's what I would propose we do.