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US automakers seek exemption from tariffs for Tata Steel Nederland as a key supplier

US automakers seek exemption from tariffs for Tata Steel Nederland as a key supplier

Tata Steel Nederland, the Dutch arm for the Indian steel giant Tata Steel, announced on Wednesday that some of its U.S. customers, particularly from the automotive industry, are lobbying to have the supplier exempted of U.S. steel import tariffs.

TSN's spokesperson said that the exemptions were the most important factor in reducing the effect of tariffs. He added that it was still too early to make any comments on the effects for the industry.

"We've been closely in touch with our customers for some time, and have assessed the implications of the recent change in the government in the U.S. He said that we are in constant contact with stakeholders to assess possible effects and minimize them.

TSN provides high-quality steel grades of critical and strategic importance to the United States. TSN is the only American company that supplies nickel-plated strips for electric vehicle batteries, and copper-plated strips for fuel lines for cars.

The U.S., which accounts for around 12% of sales annually, is the second-most important market in the group after Europe.

In 2018, the Dutch steelmaker benefited from a tariff exemption under the former Trump administration.

Trump's increased duties on steel and aluminum imports went into effect on Wednesday, as previous exemptions, duty free quotas, and product exclusions had expired. Reporting by Alban Kach Editing by Mark Potter

(source: Reuters)