I briefly touched on it, but right now the industry is facing a 10% tariff on finished goods. My members—and I can speak to southwestern Ontario, specifically Windsor-Essex—recognize that within the next three to six months, they are going to face very dire cash-flow issues. That means, as I alluded to earlier, they're going to have to make decisions. Those decisions may be to close their shops, because many of the owners of these companies are in their fifties or sixties and are ready to close them up. They've been dealing with multiple challenges over the past decades. That being said, they are getting requests to move to the United States. That is a question that is out there, and it occurs quite regularly from some of the purchasers.
In order to maintain this industry, and likely the industries you're speaking about also, I do believe there is an immediate need for cash-flow support to make sure these companies continue to exist in six months to a year. I've had conversations, and I can say that people are looking to diversify, and many companies have done this already. It's not just auto. It applies all throughout the industry. They're looking to make those changes. They can't make those changes under this type of cost pressure, and this type of intense pressure. An immediate cash-flow reserve that helps support those industries when they ship that product across the border, for example, a bank account they could draw back against the cost of that tariff, would be vital.
I know multiple companies are working on becoming defence-certified, and there are multiple steps along the way, as I alluded to earlier. That's to grow their pie. That's to diversify their own portfolio. Diversification is vital.
