Trump Administration Investigating Uranium Imports Under National Security Concerns

Trump Administration Investigating Uranium Imports Under National Security Concerns

Trump Administration Investigating Uranium Imports Under National Security Concerns

U.S. Commerce Secretary Wilbur Ross said on Wednesday that he has launched a new national security investigation into uranium imports that could lead to tariffs or quotas to limit them.

"Our production of uranium necessary for military and electric power has dropped from 49% of our consumption to 5%", Commerce Secretary Wilbur Ross said Wednesday. The Commerce Department similarly launched a review centered on a trade law known as Section 232, which allows tariffs to be placed on imports in the name of national security, before imposing those tariffs.

Canada and Kazakhstan are the main sources of U.S. uranium imports, each accounting for about a quarter of the total, followed by Australia, Russia and Uzbekistan, according to the U.S. Energy Information Administration.

But Ziemian said that threshold is expected to be cut in half this year because the Canadian industry is also impacted by the unfair global market created by state-sponsored companies.

USA uranium miners Energy Fuels Inc. and Ur-Energy Inc., which petitioned the Commerce Department in January for the probe, surged.

The companies added they expected more nuclear fuel from state-subsidized companies in Russian Federation and China will be imported in the coming years, likely further displacing USA production.

"Canadian uranium is not a threat to the national security of the United States". The country produced 14 kilotonnes of the ore, all coming from Saskatchewan mines. Cameco, Canada's largest uranium company, has the most to win or lose in the situation. "Canada has been working with the U.S.to address the issue of global excess capacity in other sectors and will continue to advocate for a North American approach to this issue".

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Ken Neumann, Canadian director of the United Steelworkers, said there's no evidence to justify Canada's inclusion in the investigation.

A spokesman for Canada's Foreign Affairs Minister, Chrystia Freeland, said shutting out Canadian imports would harm US nuclear reactors that rely on Canadian suppliers. "U.S. uranium production had been 49 percent of US requirements in 1987".

The probe will cover the entire uranium sector, from the mining industry to enrichment, defense and industrial consumption, the department said. Uranium is used in commercial reactors that power electrical grids, as well as in Navy submarines and aircraft carriers. "Today, U.S. uranium production has dropped to only five percent of U.S. requirements". FCC deals blow to Sinclair-Tribune merger Ex-cyber officials demand to know security measures for 2020 Census It's time to confirm the US Export-Import Bank Board for our economic security MORE announced Wednesday that his agency would investigate whether uranium imports to the United States pose any threat to national security.

The investigation can take as long as nine months, after which Ross can recommend steps for the president to take.

The companies asked the government to place a quota on imports that would preserve one-quarter of the USA market for domestic uranium.

"If the issue in question is the over-reliance of the United States on uranium supplied by state-controlled enterprises from countries not aligned with American policy interests, this clearly does not apply to Canada or Cameco", he said.

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