What the U.S. is very concerned about is steel coming into Canada and then making its way through the back door into the U.S. I think the safeguards help. They're similar to what they have in terms of section 232 for a foreign country, so I think it helps keep that back door shut.
I think a stronger measure that would promote Canadian steel and, quite frankly, even U.S. steel would be better. I'd rather import steel into Canada from the U.S. than from Russia.
I think those measures will help, but really what it comes down to is the quota itself. What's on the table right now is 2017-level shipments, with some exceptions that could be put in there for the likes of Algoma and/or Stelco on Canadian slabs, which would be welcome into Canada and, if there's not a historical pattern there, I think Lighthizer would be willing to give a waiver to up that, because U.S. steel mills need those slabs as well.
The real deal here is 2017-level shipments. I think in a couple of years down the road you can revisit it, but I think everybody would be very happy with that in two waves.
What Canada and Mexico have asked for is 20% or 30% increases, and I can tell you right now that it's not going to happen. They won't do any deal with anybody who has increased shipments. They will do reduced shipments or level shipments as they've done with others, but they will not do increased shipments. Korea did a deal at 70%. Brazil did a deal at some reduced and some level, depending on the product. Canada could easily have a deal done this afternoon at 2017 levels and move on.