We were able to identify the issue early enough to allow us to engage with our local government and our MPs in Ottawa to come up with a solution. The problem is that the model is flawed. The model of offering loans to subsidize the government is not a business model that will have any positive effect, unless there's a guarantee. This is the truth. Unless there's a guarantee, manufacturers will not factor that price into discounting their costs. Without a guarantee, we will have to factor it in because our contracts are not for today. Our contracts are for long-term agreements, sometimes for a year, and sometimes for five years. Without the certainty that those will be removed, we cannot take the risk because steel is such a heavy factor in our manufacturing. In some cases, it's over 70%.
If you took 70% of your cost, and you started to add a 25% tariff, you could not survive that if that went beyond and you didn't get the money from the government. The model is flawed. It won't work.