joining us, janet henry. good to see you this morning. ed to a lot of people who say we have to get this in perspective. aboutewey start panicking trade? janet: we do not panic. we cannot analyze it in detail. australia is empt from the tariffs. one large us trillion minor is responsible for half of the aluminum exports from canada. even if we think we can assess this and say this country is exposed, this country is exempt, this one has a deficit, it is all on the implications of supply chains we cannot analyze. we have the steel and aluminum tariffs, we have the china trade actions, they are coming through at different timings. the only thing we can say is onre will be effects investment spending. we see financial market implications. all we can say at the moment is it is going to be negative. we do not know how negative. slightly away from your wheelhouse. there is market reaction to the trade conversation and people aking this morning, is there trade? why markets have been so resilient in the face of this trade talk and the trade polici