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The US Department of Commerce began investigating whether uranium was threatened by national security.
According to CNBC, Commerce Secretary Wilbur Ross said in a statement that "uranium imports threaten national security" and that "fair and transparent review."
The Trump Administration has imposed tariffs of 5% and 10% on steel and aluminum products, respectively, pursuant to section 232 of the Trade Expansion Act of 1962. [19659002Lsarticle232significantnationalsafetyandregulationofimportswhichimportantnationalsecurity
Producers Uranium EFI (Energy Fuels Inc.) and Ur-Energy in the United States are expected to report to the Department of Commerce in January, when US imports are considered to be detrimental to US national security.
They said: "Subsidized cheap domestic uranium imports have increased in recent years and domestic suppliers have failed to provide 5% of US demand."
According to CNBC , only 7% of the uranium supplied to US reactors last year was produced in the United States.
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