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International News

Jul 14, 2019
2:35PM

Trump decides not to impose quotas on uranium imports

@realDonaldTrump
US President Donald Trump said, he will not impose quotas on importing uranium, backing away from a possible trade confrontation and breaking with a Commerce Department assessment that America's use of foreign uranium raises national security concerns.
 
Uranium is a vital component for the U.S. nuclear arsenal, submarines and power plants, which prompted a months-long Commerce Department investigation into whether such materials fall under the national security umbrella. Mr Trump announced he was going to order a working group to use 90 days to make recommendations to increase domestic uranium production. The decision was a rare moment in which the Trump administration did not use the powers of the government to give American companies a trade advantage over international competition. 

The administration had previously levied tariffs on foreign steel and aluminium, leading to retaliatory tariffs from Canada, Mexico, China and Europe. 

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