Exports from the UK worth $3.43billion (£2.65billion) could be at risk due to Donald Trump's tariffs on steel and aluminium.
The tariffs affect not only raw steel and aluminium, but products derived from the materials as well, with UK Trade Policy Observatory analysis suggesting $3.43billion (£2.65billion) of UK exports would be impacted.
The Times reports that more than half of that figure relates to just 15 metal products exported to the US.
Among the most heavily affected exports would be parts for military aircraft and helicopters, which were worth $831million (almost £642million) last year alone.
Some firms will be able to pass price rises onto buyers to ease the impact on them, but others will suffer a financial hit themselves.
Tata Steel UK boss Rajesh Nair recently said the levies had “spooked" consumers in the US, while Allan Bell, chief commercial officer of British Steel, said customers were already looking at concelling orders.
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