So Jonathan, can we get your thoughts on how you think Canada might respond to these latest Trump tariffs that he's looking to impose on Canada?

Well, it's indicative of the reality that with Trump and the current U.S. administration, things are almost permanently unpredictable.

So it's a very fluid situation at the moment.

It's worth noting that these most recent tariffs, and they only take effect as of August 19th, so this may be a bargaining ploy, maybe not.

is the first time in history, maybe with one exception in 1932, that the actual Smoot-Hawley Act tariff powers have been invoked.

They have long been a threat, but they've never been used.

So they're untested in courts.

But where does Canada come out now in that China relationship? So biologically, but also China in the system.