The other lens I would put on that is that one of my members, BMW, has the largest manufacturing facility in Spartanburg, South Carolina. They are doing what North America wanted them to do: Come and produce where the vehicles are sold. But those vehicles that are built in the U.S. now, which contain Canadian steel and Canadian aluminum, because they're not CUSMA compliant are paying a 25% tariff coming into the country, with no remission offset.
The tariffs themselves are causing some real competitive disadvantages in the marketplace that every manufacturer is having to deal with.