Author: James Alexander Michie
The US department It begins investigations into uranium imports, alluding to the same concerns about national security it had before applying the specified tariffs to steel and aluminum, according to a statement published on Wednesday where Commerce Secretary Wilbur Ross, gives way to investigations with respect to the uranium industry of the United States, applying a clause of the US law called as section 232 of the Commercial Expansion Act of 1962 which allows implementing tariffs or quotas referred to foreign imports if they are considered a threat to the United States.
It is important to note that thirty years ago, the United States produced almost half of the uranium consumed at that time, which has decreased to only five percent at present. Likewise, Canada is a significant supplier to the US market.
On the other hand, it is necessary that a thorough, fair and transparent review be carried out in order to determine if the imports of uranium could actually become a threat to national security, in the same way, such investigations will cover all aspects of the industrial mining until enrichment for the generation of electricity.
However, the method of invoking national security for commercial purposes has become one of the favorite tools of the current administration in the United States, but it is unlikely to be effective in the long term. In fact, it is considered that extending the clause of section 232 to the uranium market is not really of reasonable use, since it could become misleading.
Uranium exports from Canada certainly do not pose a threat to US security. according to some personalities like Ken Neuman, Canadian director of United Steelworkers, I have made no evidence to include Canada in the investigation that will be carried out, likewise, there should be no reason to impose tariffs or quotas on Canadian exports.
Take a read: https://www.cbc.ca/news/business/uranium-national-security-1.4751659
Source: Pete Evans | CBC News
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