Madam Chair and Mr. Sheehan, thanks very much for the question. I appreciate it.
You highlight a key point. I think it's a point that's hit home to everybody in every industry. I think what happened in the auto industry during COVID showed the fragility of the global supply chain and the importance of having control over our global supply chain. As we do more so-called friendshoring and as we repatriate some of the manufacturing and our supply chains back to our North American region, I think that provides security, but it also comes at a cost, which tends to mean increased prices to consumers as well.
As I said, we've seen non-tariff barriers potentially applied through the Inflation Reduction Act to try to ensure that battery production for electric vehicles is done in the United States. We need to continue to be vigilant and take the appropriate action to ensure that we maintain some of that here in Canada.
In terms of other non-tariff barriers, with respect to our supply chain, I think the biggest challenge for elements that go into that electric vehicle supply chain that can't be sourced domestically at the moment are other jurisdictions realizing the value of those critical minerals and potentially putting export controls on those critical minerals as well. That only introduces more vulnerabilities into the supply chain.
I'm not sure that I've answered your question exactly, but I'll leave it there for now. If you have a rejoinder, I'm happy to try to answer that.