UK rushes forward plans for £2.5bn steel investment after Trump announces tariffs
Source: The Guardian | Published: February 15, 2025, 3:07 p.m.
US president’s announcement prompts government to publish green paper weeks ahead of schedule
The government has rushed forward plans for a £2.5bn investment in the UK steel industry after Donald Trump announced 25% tariffs on all imports of steel and aluminium into the US.
The business secretary, Jonathan Reynolds, will publish a green paper entitled Plan for Steel on Sunday – several weeks before schedule – in a sign of how Trump’s tariffs are sending shock waves through a UK government desperate to kickstart economic growth.
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