U.S. Uranium Market Goes Radio Silent on Tariff Shock

Uranium purchases in the United States have slowed considerably as power utilities process the effect of President Donald Trump’s tariff offensive in the market—and that offensive may yet transform that same market. Bloomberg reported this week that uranium purchases by U.S. power utilities had dropped by 50% ahead of the 10% import tariff that Trump imposed on Canadian energy exports. The publication noted that those power utilities source more than a quarter of their uranium from Canada, which makes the potential impact of the tariffs…