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.