I think we have to stop being naive about why Chinese products are cheap. The first thing is that they're heavily subsidized. It's an opaque system. They dominate the global markets in the critical mineral verticals. They bet early, but they didn't bet in a market function. These are not companies that speak to analysts and watch their share price. They have a different relationship with return on investment.
The tariffs are going to help. They're going to buy some time, but we also have to have a national strategy that says there are a whole bunch of consecutive processes when we approve a mine, maybe like we did during the pandemic when we needed stuff immediately. We looked at those processes and saw how many of those we could make concurrently. It's very nice to say that consumers should have the cheaper vehicles, but when you're working in a market economy, if the companies are not charities and they're not subsidized—there are lots that are not subsidized by the federal treasury—if they decide to put out a losing product that nobody buys or that they buy and lock in losses, that company won't exist anymore. The Canadian supply chain is very much for electrification as being at the head of it. There's Project Arrow; look it up, and you'll see how heavily invested we are in it. There are no charities in this. That's the difference between here and what the Chinese have set up.