It's an important incremental opportunity. I don't want to give the illusion that.... On the lumber side, it's $800 million a year to Japan versus $8 billion to the U.S. If we can get a few hundred million more to Japan, that would be important as one of the many measures we're taking to try to minimize the risk.
That said, because of the cost of shipping and the close proximity, there are natural relationships. The other thing that's often not talked about is the quality of Canadian-grown wood. Because of our colder temperatures and our longer growing cycles, it brings out properties in the wood that make U.S. homebuilders want to frame homes with it. They'd prefer to use spruce pine and fir over southern yellow pine, so there's a natural advantage in the marketplace for Canada right now.
The challenge is that 45%. We're still selling. The difference is that between 2006 and 2009, during that downturn, markets absolutely collapsed. Housing starts were 600,000 in the U.S. and they're at 1.3 million now. It's just soft. It's been soft for three years. The tariffs and duties at 45% and the ongoing uncertainty are just not good for our business.
