To add to that, the U.S. knew, because Japan has been a historically closed market, that it would take maybe years to open up the market. Maybe the Canadian negotiators, with all due respect, were a little bit naive to think it would actually open up in six years. When this tariff phase-out goes out in five years, the 6% tariff, you can call it $2,000 on average for a vehicle. If you add that to what the Canadian revenue loss will be, it will be about $200 million that the Canadian government is going to basically gift back to the Japanese automakers, because they're no longer going to be spending that tariff. I promise you it won't come in terms of consumer-reduced prices. They're going to take that $200 million to $250 million and they're going to invest it in their home country in autos. And that is a big problem for us.
On March 8th, 2016. See this statement in context.