US Commerce Secretary Wilbur Ross indicates today that the country is heading towards more trade protectionism. Another Section 232 national security probe was triggered, as prompted by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc. Both companies complained that subsidized foreign competitors have caused them to cut capacity and lay off workers.
Ross said that “the Department of Commerce’s Bureau of Industry and Security will conduct a thorough, fair, and transparent review to determine whether uranium imports threaten to impair national security.”
