Canada's Uranium Deal: The Trump Tariff That Backfired

By The Decision Room

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Trump just tariffed the world's largest uranium producer, Kazakhstan, at 25% — no exemption at all. Canada's own uranium got hit with a tariff a fraction of that size, and even that mostly never applied, since nearly all of it crosses the border CUSMA-compliant. While Washington sorted out its own contradictions, Canada's biggest uranium company signed a nine-year, $1.9 billion deal to ship uranium to India instead — announced in New Delhi during a state visit by PM Carney. The US banned Russian uranium imports outright (full ban by 2028), blowing a hole in a supply chain where American reactors historically bought 99% of their fuel from abroad. Saskatchewan's Athabasca Basin ore runs up to 100x richer than Kazakhstan's or Australia's — one uranium executive put it plainly: "the US can't meet its nuclear ambitions without Canada." Meanwhile, Washington spent two years of patient diplomacy securing a tungsten deal WITH Kazakhstan — the same country it slapped a 25% uranium tariff on wi

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