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July 18, 2018

US Plans Uranium Import Probe That May Lead to Tariffs

  • Government
  • Executive
  • Energy

Bloomberg – The Trump administration plans to open an investigation into whether uranium imports are harming national security, a move that could lead to tariffs on foreign shipments of the metal, said three people familiar with the matter.

U.S. uranium producers Energy Fuels Inc. and Ur-Energy Inc. filed a petition in January asking the Commerce Department to investigate the matter under Section 232 of the 1962 Trade Expansion Act, the same provision the president used to slap tariffs on steel and aluminum imports. U.S. industry wants the government to shield it from competition from state-owned companies in countries including Russia and Kazakhstan.

The timing of the probe remains unclear, said a person familiar with the matter, who spoke on condition of anonymity because the deliberations aren’t public. Some administration officials are debating whether to wait until the controversy blows over from President Donald Trump’s meeting in Helsinki with Russian President Vladimir Putin on Monday.

Read more at Bloomberg.

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