To Stephen's earlier point, at some point I think a company would make a decision as to whether it's worth it and then make a decision on whether they just want to import an entire vehicle. For instance, Toyota makes vehicles in Japan. Would it be cheaper for Toyota to bring a Japanese-built vehicle into the Canadian or U.S. market and pay a 2.5% tariff on the vehicle into the U.S.—or 6.1% into Canada—rather than looking at the 3,000 parts we have in a car and paying a 2.5% tariff or otherwise on every single part for every single time it crosses the border?
On June 1st, 2017. See this statement in context.