Thank you, Mr. Chair.
Thank you, everyone, for being here with us today. It's obviously a very important issue.
We hear clearly that USMCA is a good deal, but perhaps in the auto world it's a bit tempered by these continuing steel and aluminum tariffs. I think the auto industry and the steel and aluminum industries rely on each other to be healthy, vibrant, free market industries. Hopefully, we can get back there as soon as possible. I think we also all agree that the section 232 tariffs were unwarranted and put on by the President and his executive order based on a commerce report. It obviously had nothing to do with Congress or anybody else. We're trying to deal with the situation the best we can, but we appreciate your input in trying to guide us in that initiative.
I want to talk about the impact on auto. I'm from the riding of Newmarket—Aurora. My neighbour Ms. Alleslev and I both have a lot of auto parts manufacturers that have strong footprints in our ridings and thousands of jobs.
The consensus seems to be on auto that this is good. There's significant room for growth. I think my friend Mr. Carrie quoted Mr. Volpe. He came out, too, saying this is important. There is, I think, up to a 20% increase in local content rules that will be helpful in those things.
Mr. Vescio, I know you agree with Mr. Volpe.
Mr. VanderVeen, do you see the same sort of growth opportunity that Mr. Volpe sees?