Rajesh Nair, the CEO, said lawmakers that some American clients were looking for alternative suppliers in order to avoid “tariff warfare.”
Tata Steel sells about $100 million (£77 million) worth of steel to the United States each year and runs the biggest steelworks in the United Kingdom in Port Talbot.
The business and trade committee was informed by the corporation that the US tariffs had a “significant impact” on the diversion of cheaper steel from other countries to the UK.
Reynolds claims that Trump’s steel tariffs hurt the US and the UK.
Trump promises to equal the punitive tariffs imposed by the EU and Canada.
The United States levied import fees, or 25% tariffs, on steel and aluminum goods that arrived in the country on March 12.
