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Uranium Tariffs Investment

Policy Playbook: Uranium

The Trump administration asked the Department of Commerce to conduct a Section 232 study on the U.S. uranium market. More than 90% of the U.S. annual uranium demand is met from imports from foreign countries, such as Russia and Kazakhstan. The Trump administration believes the shares of U.S. energy generated via nuclear and the reliance on uranium imports could pose a national security threat and energy crisis is geopolitical tensions increase. 

The Department of Commerce submitted its Section 232 report to the Trump administration on April 14, 2019. The Trump administration now has 90 days to act on the report, which means the final decision on uranium tariffs and quotas should be released by mid-summer 2019. Congress has also taken steps to support the U.S. nuclear industry. The Nuclear Energy Innovation Capabilities Act (NEICA).

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