Thank you, Chair. Five minutes just doesn't seem long enough.
Mr. Verheul, again, thank you for your service and the time you put into developing some of the agreements that Canada has in place right now. There is a little confusion around one of the concerns that I have, so maybe you can clarify it.
When we settled our dispute with the U.S. on aluminum steel tariff, in the letter of settlement, in paragraph 5 of the statement, it stated:
...aluminum or steel products surge meaningfully beyond historic volumes of trade over a period of time, with consideration of market share, the importing country may request consultations with the exporting country. After such consultations, the importing party may impose duties of 25 percent for steel and 10 percent for aluminum in respect to the individual product(s) where the surge took place.... If the importing party takes such action, the exporting country agrees to retaliate only in the affected sector (i.e., aluminum and aluminum-containing products or steel).
Does this now cross over into the CUSMA agreement or not? What options would you have to retaliate if we did see a tariff on aluminum? I don't want you to give the details, but what toolbox would you would have to retaliate with?