Mr. Speaker, that is exactly correct. The most graphic demonstration of that was the bicycle shop owner here in Ottawa whose shop was used a year ago as a prop for a Conservative photo opportunity. The Minister of Finance had something to say about small business, and he used this bicycle shop owner's store as the backdrop for his announcement. That was about a year ago.
This year, that same bicycle shop owner has discovered that he is a victim of these tariff changes in Bill C-60. In fact, the bicycles he sells to his customers will all be going up by 4.5%. Therefore, there is an added cost to him, which he will pass along to his customers, and those customers will have to pay that extra cost, or they might just drive across the border and do their bicycle shopping in the United States. Either way, small business and Canada are the net losers.