Thank you, Mr. Sheehan.
Mr. Cosbey, I want to get a bit more into the weeds, or a bit more granular on your comments with respect to utilizing a CBAM-type regime with the U.S. Of course, with that put in place, how is it we could strengthen our collective international trade performance?
Mr. Trump is on record stating that he looks at tariffs as a method of raising his finances over on the U.S. side. The unfortunate part of this is that a lot of it will be reliant on his own people being taxed on the products he puts tariffs on. This can very well be a mechanism for him to achieve the same goal, the only difference being that a lot of those tariffs would otherwise then be paid for by folks across the globe.
Can you comment a bit more on a direction we can take in dialogue with the U.S. to collectively—in the vein I just spoke about—strengthen our international trade performance, and to work more closely together versus farther apart?