It will be very quick now.
Secondly, the safeguard is to defend Canadian jobs and it's urgent now.
In the nine months ending June 30, we have seen a 70% increase in the imports from non-USMCA destinations, 70% at a price that is significantly below the USMCA imports to Canada. This is a concern for us.
I'd like to be clear that a safeguard is necessary even if there is a solution for Canada on the section 232 tariffs. There are details I'm willing to discuss about how a safeguard mechanism needs to be structured to be effective; we have some views.
I'll make a final point that I hope reiterates that this is a stabilizing mechanism and will not result in a shortage of supply or a spike in prices. What a safeguard mechanism will do is bring back imports to the level that existed before there was a surge in imports. Bringing them back to that level allows the Canadian industry and the people who we employ to be back to work. There will be no shortage of supply. As an industry of energy tubulars today, we're at 50%. There will be no price spike in the market, because we're just bringing things back to where they were before.
I reiterate that we are thankful for the work done so far and we're looking forward to seeing an investigation on a safeguard so that we can have the facts evaluated and get our people in the communities across the country back to work.
Thank you.