https://www.cbc.ca/news/canada/saskatoon/
In a memorandum late Friday, U.S. President Donald Trump rejected restrictions on foreign uranium imports
Saskatoon-based uranium mining company Cameco is breathing a sigh of relief after U.S. President Donald Trump declined to put restrictions on uranium imports from other countries in a memorandum sent Friday.
“I wouldn’t say it was a surprise, but we were certainly pleased,” said Jeff Hryhoriw, director of government relations and communications with Cameco.
Uranium producers in Canada had been watching the U.S. closely for the past year as that country’s Commerce Department started investigating whether restrictions on uranium imports were necessary to maintain national security.
The U.S. Secretary of Commerce Wilbur Ross had submitted a confidential report three months prior, the contents of which were found in a presidential memoranda, stating “that uranium is being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.”
The investigation started when two American uranium companies complained they couldn’t compete fairly for a larger share of the U.S. uranium market because of state-owned, publicly-subsidized producers in foreign countries.
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