A Uranium Boom Is Coming--Are You Positioned?

The last uranium cycle created massive winners. This new bull market is just beginning, and one tiny uranium stock could be a major beneficiary.

From Alaska to Maine, communities that border Canada worry US tariffs come at a personal cost

DEE-ANN DURBIN and SALLY HO
March 02, 2025

DETROIT (AP) -- At the U.S. Embassy in Ottawa, a quote from former President Ronald Reagan is engraved on one wall.

"Let the 5,000-mile border between Canada and the United States stand as a symbol for the future," Reagan said upon signing a 1988 free trade pact with America's northern neighbor. "Let it forever be not a point of division but a meeting place between our great and true friends."

But a point of division is here. On Tuesday, President Donald Trump plans to impose a 25% tariff on most imported Canadian goods and a 10% tariff on Canadian oil and gas. Canada has said it will retaliate with a 25% import tax on a multitude of American products, including wine, cigarettes and shotguns.

The tariffs have touched off a range of emotions along the world's longest international border, where residents and industries are closely intertwined. Ranchers in Canada rely on American companies for farm equipment, and export cattle and hogs to U.S. meat processors. U.S. consumers enjoy thousands of gallons of Canadian maple syrup each year. Canadian dogs and cats dine on U.S.-made pet food.

The trade dispute will have far-reaching spillover effects, from price increases and paperwork backlogs to longer wait times at the U.S.-Canada border for both people and products, said Laurie Trautman, director of the Border Policy Research Institute at Western Washington University.

"These industries on both sides are built up out of a cross-border relationship, and disruptions will play out on both sides," Trautman said.

Even the threat of tariffs may have already caused irreparable harm, she said. Canadian Prime Minister Justin Trudeau has urged Canadians to buy Canadian products and vacation at home.

The Associated Press wanted to know what residents and businesses were thinking along the border that Reagan vowed would remain unburdened by an "invisible barrier of economic suspicion and fear." Here's what they said:

Skagway, Alaska-Whitehorse, Yukon

People flocked from the boomtown of Skagway, Alaska, to Canada's Yukon in search of riches during the Klondike gold rush of the late 1890s, following routes that Indigenous tribes long used for trade.

Today, Skagway trades on its past, drawing more than 1 million cruise ship passengers a year to a historic downtown that features Klondike-themed museums. But the municipality with a population of about 1,100 still holds deep ties to the Yukon.

Skagway residents frequently travel to Whitehorse, the territory's capital, for a wider selection of groceries and shopping, dental care, veterinary services and swimming lessons. The Alaskan city's port, meanwhile, still supports Yukon mining and is a critical hub for fuel and other essentials both communities need.

"It's a special connection," Orion Hanson, a contractor and Skagway Assembly member, said of Whitehorse, which sits 110 miles (177 kilometers) north and has 30,000 people. "It's really our most accessible neighbor."

Hanson is concerned about what tariffs might mean for the price of building supplies, such as lumber, concrete and steel. The cost of living in small, remote places already is high. People in Whitehorse and Skagway worry about the potential impact on community relations as well as prices.

Norman Holler, who lives in Whitehorse, said the months the tariffs have loomed created "an uncomfortable feeling and resentment." If the threat becomes reality, Holler said he would probably still visit Alaska border towns but not other parts of the United States.

""Is it rational? I don't know, but it satisfies an emotional need not to go," he said.

- Becky Bohrer in Juneau, Alaska

Point Roberts, Washington-Delta, British Columbia

At the border of Washington state and British Columbia, the tension over tariffs is evident in a waterfront community that is hoping for Canadian mercy.

Point Roberts is a 5-square-mile (13-square kilometer) U.S. exclave whose only land connection lies in Canada, which supplies the unincorporated nub of American soil its water and electricity. It's a geographic oddity that requires a 20-mile drive around Canada to reach mainland Washington state.

Local real estate agent Wayne Lyle, who like many of his neighbors has dual U.S.-Canadian citizenship, said some of Point Roberts' roughly 1,000 residents are signing a petition pleading with British Columbia's premier for an exemption to whatever retaliatory tariffs Canada may institute.

"We're basically connected to Canada. We're about as Canadian as an American city can be," Lyle said. "We're unique enough that maybe we can get a break."

Lyle, who serves as the president of the Point Roberts Chamber of Commerce, said it's too early to identify measurable effects, but he fears Canadians won't visit the popular summer getaway destination out of spite.

"We don't want Canada to think we're the bad guys," Lyle said. "Please don't take it out on us."

- Sally Ho in Seattle

Billings, Montana-Alberta

The 545-mile (877-kilometer) stretch of land that separates Montana from Canada includes some of the sleepiest checkpoints on the binational border. Several of the state's border posts had fewer than 50 crossings a day on average last year.

But unseen, in underground pipelines that cut through vast fields of barley, flows about $5 billion annually worth of Canadian crude oil and natural gas, most of it from Alberta. The lines traverse a continental pivot point -- Montana is the only state with rivers that drain into the Pacific Ocean, Gulf of Mexico and Canada's Hudson Bay - and deliver to refineries around Billings.

"Canada is one of our major supply sources for oil across the United States," said Dallas Scholes, the government affairs director of Houston-based refinery company Par Pacific, which runs a processing facility along the Yellowstone River. "If tariffs are imposed on the oil and gas industry, ... it's not going to be good for consumers."

People in Montana drive long distances given its sprawling size and burn lots of natural gas through harsh winters, making its residents the highest energy consumers per capita in the U.S., according to federal data.

That means a 10% tax on Canadian energy resources would be felt broadly. The state's farmers would be among those hit more severely, given the large volumes of gasoline needed to run tractors and other equipment, according to Jeffrey Michael, director of the University of Montana's Bureau of Business and Economic Research.

"It will be painful, but there are larger concerns if I were an agricultural producer in Montana," Michael said. "I'd be worried about the trade war escalating to where my products start to get hit with reciprocal tariffs."

- Matthew Brown in Billings, Mont.

Detroit-Windsor, Ontario

The Detroit River is all that separates Windsor, Ontario, from Detroit. The cities are so close that Detroiters can smell the drying grain at Windsor's Hiram Walker distillery and Windsor can hear the music drifting from Detroit's outdoor concert venues.

Manufacturing muscle makes the Ambassador Bridge, the 1.4-mile-long span connecting the two cities, the busiest international crossing in North America. According to the Michigan company that owns the bridge, $323 million worth of goods travel each day between Windsor and Detroit, the automotive capitals of their countries.

The U.S., Canada and Mexico have long operated as one nation when it comes to auto manufacturing, noted Pat D'Eramo, CEO of Vaughan, Ontario-based automotive suppler Martinrea. Tariffs will cause confusion and disruption, he said.

Right now, steel coils arrive at a plant in Michigan and get stamped into parts that are shipped to Martinrea in Canada. Martinrea uses the parts to build vehicle sub-assemblies that get shipped back to an automaker in Detroit.

It's unclear if parts would be taxed twice if they crossed the border multiple times, and if suppliers or their customers will have to pay for the tariffs. Also unclear is how a separate 25% levy on steel and aluminum that Trump said would take effect starting March 12 factors into the mix.

D'Eramo understands the impulse to strengthen U.S. manufacturing but says the U.S. doesn't have the capacity to make all the tooling Martinrea would need if it were to shift production there. At the end of the day, he thinks it's sad tariffs will take up so much time, energy and resources, and only make vehicles even more expensive.

"We need to be spending our time and money to get more efficient and reduce our costs so customers can reduce their costs," he said.

-Dee-Ann Durbin in Detroit

Buffalo, New York-Ontario

Buffalo, New York is, decidedly, a beer town. It's also a border town.

That makes for a complementary relationship. Western New York's dozens of craft breweries rely on Canada for aluminum cans and much of the malted grain that goes into their brews. Canadians regularly cross one of the four international bridges into the region to shop, go to sporting events and sip Buffalo's beers.

Brewers and other businesses fear there may be less of that, though, if the tariffs on Canada and aluminum go into effect. Trump's repeated comments about making the neighboring nation the 51st U.S. state already offended its citizens - so much so that Buffalo's tourism agency paused a campaign running in Canada because of negative comments.

"Obviously, having a bad taste in their mouth and booing the national anthem at sporting events is not a great thing for them coming down here and drinking our beer and hanging out in our city," said Jeff Ware, president of Resurgence Brewing Co.

The historic factory building housing Ware's business in Buffalo is about 4 miles from the Peace Bridge border crossing, where 1.8 million cars and buses and 518,000 commercial trucks entered Buffalo from Ontario last year.

It's a terrible time to alienate customers, Canadian or American. The snowy first months of the year are hard enough for Buffalo's breweries, Ware said. Higher prices from 25% tariffs would be yet another obstacle. Ware gets about 80% of the base malt be uses to make his specialty beers from Canada.

"Labor is more expensive, energy is more expensive, all of our raw ingredients are more expensive," he said. "It's death by a thousand cuts."

- Carolyn Thompson in Buffalo, N.Y.

Cutler, Maine-New Brunswick

Commercial lobsterman John Drouin has fished for Maine's signature seafood for more than 45 years, often in disputed waters known as the "grey zone" that straddle the U.S.-Canada border.

The relationship between American and Canadian fishermen can sometimes be fraught, but harvesters on both side of the border know they depend on each other, Drouin said. Maine fishermen catch millions of pounds of lobsters every year, but much of the processing capacity for the valuable crustaceans is in Canada.

If Trump follows through with the threatened tariffs next week, lobsters sent to Canada for processing would be subject to customs duties when they return to the U.S. to go to market. Drouin fears what will happen to the lobster industry if the trade dispute persists and Canada enacts a retaliatory tariff on lobsters.

"As the price goes up to the consumer, there comes a point where it just doesn't become palatable for them to purchase it," Drouin said.

Drouin, 60, fishes out of Cutler, Maine, and sees Grand Manan Island, an island in the Bay of Fundy that is part of the province of New Brunswick, when he takes his boat out. He described his business as "right smack on the Canadian border" in terms of both economics and geography.

He described himself as a fan of Trump's first term who is "not overly thrilled with what he's been doing here." And he said he's concerned his home state could ultimately be hurt by the tariffs if the president isn't mindful of border industries such as his.

"The rhetoric is a bit much, what's taking place," Drouin said.

- Patrick Whittle in Scarborough, Maine

Continue Reading...

Popular

Powell: Federal Reserve to stay on hold amid widespread economic uncertainty

NEW YORK (AP) — The Federal Reserve is likely to keep its unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said in written remarks to be delivered Friday in New York.

Canada's Liberals will elect new leader to replace Trudeau as country deals with Trump's trade war

TORONTO (AP) — Canada's governing Liberals will announce a replacement for Prime Minister on Sunday as the country deals with U.S. President Donald Trump's and as a federal election looms.

Tech Legend Issues AI Warning for May 21st - Ad

And many people are now wondering...Is this the end of the AI boom? A critical AI event scheduled for May 21st, and could have the answers. It's guaranteed to happen...And I believe it's going to be a game-changer for the market.

Trump vs Musk? Federal Workers Unconvinced He'll Take Action: 'If They Don't Cut, Elon will, Comments Show Who's Really In Charge'

President Donald Trump has reportedly limited the authority of his billionaire advisor, Elon Musk, to dismiss federal employees. This development has stirred skepticism among the workforce and political circles.

Trump Says Economy Faces A 'Period Of Transition': Is A Recession Ahead?

Holger Schmieding, chief economist at Berenberg Bank, called Trump "an agent of chaos and confusion" on CNBC's "Squawk Box Europe."

The 2025 'Trump Shock' [401K Owners Stunned] - Ad

Trump's Gold Reset? A massive dollar overhaul could be coming! Insiders say Trump may return America to the gold standard--sending gold prices soaring. He's been stockpiling gold for decades... should you? Discover how to legally move funds from your IRA & 401(k) into gold tax-free!

Family Offices Embrace Alternative Investment Funds To Protect Wealth In 2025

Family offices are increasingly investing in AIFs to diversify risk and protect wealth in volatile markets. Advisors should focus on expertise and customization to meet this demand.

Jim Cramer Says Airbnb 'Best Of Crop' From 'Wild Times' IPOs

TV host Jim Cramer said Monday on Twitter that Airbnb Inc (NASDAQ: ABNB) “might be the best of that crop of companies that came public during those wild times.”

Exposed: 3 Cent Crypto to Explode April 20th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on April 20th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Raoul Pal, Tom Lee See Bitcoin Capturing Major Share Of $500 Trillion Global Store Of Value Market

Macro strategist Raoul Pal and Fundstrat co-founder Tom Lee have analyzed Bitcoin's (CRYPTO: BTC) role in the global store value market worth

A Tiny Uranium Stock Positioned for a Big Breakout - Ad

A junior miner with high-grade uranium assets in Canada's Athabasca Basin and Central Mineral Belt is making moves. Plans are in motion, and the uranium market is heating up. Could this be the next UEC?

Kentucky bourbon makers fear becoming 'collateral damage' in Trump's trade war

LOUISVILLE, Ky. (AP) — With a new distillery set to open soon, the makers of Brough Brothers bourbon in Kentucky were ready to put their business plan into action. They were looking to ramp up whiskey production to break into lucrative new markets in Canada and Europe.

China is ending its annual Congress with questions open over how to revive its slowing economy

BEIJING (AP) — China is wrapping up its biggest political event of the year on Tuesday leaving one question unanswered: How far will it go to try to revive economic growth in 2025?

The Guy Who Beat Buffett Shocks the World Again... - Ad

The New York Times called him "an icon among growth stock investors." His investment fund produced a 4,000% return over a 15-year span, outperforming even the great Warren Buffett. His name is Louis Navellier. And he's just issued an astonishing financial prediction.

Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

"I Thought We Had More Time..." - Ad

I've spent 44 years on Wall Street. I'm deep inside the upper echelon of technology and finance... managing billions of dollars for some of the wealthiest people in this country. I've seen what comes next for AI. And frankly... It terrifies me.

Tesla tumbles again as investors bail on Elon Musk's suddenly struggling electric vehicle company

Shares of Tesla are sliding again Monday as confidence in Elon Musk's electric car company continues to disintegrate following a post-election “Trump bump.”

Mallinckrodt to take over Endo in deal valued at $6.7 billion

Ireland’s Mallinckrodt will buy U.S. drugmaker Endo in a cash-and-stock deal valued at $6.7 billion.

America's Uranium Crisis = A Massive Opportunity - Ad

Ninety percent of America's uranium is imported. With the US scrambling to rebuild domestic supply, Canadian uranium companies are in prime position. One small-cap stock could be set to benefit.

Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout

The world's top tech billionaires saw their fortunes plummet on Monday as markets tumbled, with the Magnificent Seven tech giants shedding approximately $780 billion in market capitalization during a single trading session.

Crypto Does WHAT to Retirement Accounts? - Ad

If you're thinking about retirement... THIS is what crypto does to retirement accounts. Best-selling author and hedge fund manager James Altucher reveals the details.

Clean Energy Stocks Face Policy Risks, But JP Morgan Sees Long-Term Upside In These Names

JP Morgan analyst Mark Strouse shares insights on clean energy sector, with strong power demand, weak residential solar sector, and potential policy changes as key catalysts. Favors companies with US manufacturing, diversified markets, and long-term cash flow visibility.

Dollar General Q4 Earnings Preview: Revenue, Profit Margins, Tariffs In The Spotlight

Dollar General is set to release its fourth-quarter financial results ahead of Thursday's opening bell. Here's a look at what to expect in the report.

Trump's Final Betrayal - Ad

Exposed: the shocking economic plot to "reset" the U.S. economy and redistribute trillions of dollars in wealth.

Tesla Out, Ford In: City Of Baltimore Goes 'In A Different Direction' Reversing EV Deal From 2024

Tesla is losing an EV city fleet deal in Baltimore to Ford. A look at what happened and how politics may have factored into the decision.

Takeaways from our investigation on AI-powered school surveillance

Thousands of American schools are turning to surveillance technology for 24/7 monitoring of student accounts and school-issued devices like laptops and tablets.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

Chuck Schumer Blames GOP For 'Partisan Path' As Shutdown Nears - Republicans Say 'Democrats' Fault' If Government Closes

Congressional leaders exchanged sharp criticisms Wednesday as the federal government faces a potential shutdown within days, highlighting the partisan divide over spending priorities and negotiation tactics.

How Trump justifies his tariffs - from budget balancing to protecting 'the soul' of America

WASHINGTON (AP) — To , “tariff” is more than “the most beautiful word in the dictionary,” something he says often.

Trump's Secret Plan to Reboot the Dollar Leaked? - Ad

Steve Bannon let slip 3 shocking words--and Wall Street panicked. According to Bannon, President Trump is poised to restore the gold standard, reset the dollar, and send gold soaring. Position yourself before it's too late! Claim your free 2025 Gold Guide and discover the Trump Loophole to move funds from your IRA & 401(k) into gold--tax-free!

Tesla Stock Pares Early Losses, Rises 6.4% After Key Signal

A significant trading signal occurred for Tesla stock, as it demonstrated a Power Inflow at $222.68, after which TSLA rose up to 6.4%.

Forget Nvidia - This Odd Tariff Play Is Now Going Viral - Ad

As President Trump slaps China with new tariffs, the Fed is boxed in--and gold is skyrocketing just like it did during Trump's first term. JPMorgan just grabbed $4 Billion in gold bars... should you? Discover a "Tariff Assistance Loophole" to move funds from your IRA & 401(k) into gold--tax-free!

Explainer: What's a recession and why is rising anxiety about it roiling markets?

WASHINGTON (AP) — Stock markets , consumers and businesses have started to , and economists are marking down their estimates for growth this year, with some even seeing rising odds of a recession.

Wisconsin appeals court overturns ruling allowing for emailing ballots to disabled voters

MADISON, Wis. (AP) — A Wisconsin appeals court ruled Wednesday that disabled people are not allowed to receive absentee ballots by email, overturning a less than three weeks before the .

Warren Buffett Is Making a Huge Bet on Oil Buying Occidental Petroleum Stock - Ad

I like the move, but I hate the dividend...Occidental only pays a 1.3% dividend. That's why I prefer this oil ETF that has a 21% payout...Delivered to you every single month.

UiPath Hit By Slowing ARR Growth, Deal Timing Woes: Analyst Remains Optimistic For AI, Cloud Spark

UiPath Inc (NYSE: PATH) stock declined on weak Q4 revenue and Q1 guidance. Needham analyst reiterated Hold. Deal delays and uncertainty in US Fed segment.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service