Thank you for the question.
I don't know how many positive things there are to say about that situation.
With our discussions with the NAHB, I think it's pretty common for most industry associations to typically be more aligned with a republican government and those smaller government-type situations. They are unwavering, though, in their recognition of the importance of Canadian lumber to the U.S. homebuilding market. I don't expect that this will change their calls for a complete elimination of the tariffs.
There's no question that the number one damage done by the tariffs is actually to the U.S. homebuyer and then, in turn, to the U.S. home builder, who can sell fewer homes, as Derek was alluding to. If we see high lumber prices—and don't forget that these tariffs result in higher prices in the U.S. across the board, not just on Canadian lumber; it allows the U.S. lumber industry to charge much more—I expect a continued call.
By the same token, though, recognizing the challenges, we have seen a call for more diversification of the U.S. market to look to other countries. We are seeing that, which is obviously dangerous for Canada as well. They're being realistic, much like we in Canada need to be realistic about diversifying how we handle our lumber industry, add more value and create more opportunities to export, because the challenge will continue.
To the point earlier that this has been going on for a long time, yes, it has been, and it will probably go on into the future. Hopefully, we'll get that trade settlement. The next time it comes to renegotiating, it will probably be back to the same business, so the more we can do to solidify our own situation, the better, moving forward.