The Financial Post reports in its Tuesday, April 1, edition that the North American uranium market is stalling as U.S. nuclear companies slow purchases due to President Donald Trump's tariff threats. Bloomberg dispatch to the Post reports that U.S. utility purchases of uranium dropped by half as they await the impact of a 10-peer-cent levy on Canadian energy exports, which accounts for over a fourth of U.S. uranium supply. This uncertainty is discouraging buyers and may lead to further market disruptions as inventories dwindle. The turmoil complicates decision making for utility executives trying to balance expansion plans with conflicting signals on electricity demand for data centres. Investors are cautious as a popular ETF for uranium miners has dropped 14 per cent this year, nearly four times the decline of the S&P 500. Cameco, North America's largest uranium producer, has fallen 19 per cent, while uranium futures are down about 40 per cent from their 2024 peak. To be clear, there is little near-term danger of U.S. reactors running short of fuel. Cameco chief financial officer Grant Isaac says given the long-term nature of uranium-supply contracts, utilities are well-supplied for this year and most of 2026.