Should the U.S. impose 25% tariffs on the domestic steel industry, it will have a devastating effect. For a year, starting in mid-2018, we had 25% tariffs on the industry. Every one of the CEOs on my board has been very clear that it is extraordinarily devastating.
The point I would add is that we have the opportunity, particularly in steel, to remind the Americans of how the 25% tariff also deeply affected their side of the border. It does harm on both sides when you have such an integrated economy, as we do in steel.