The UK government has accelerated plans for a £2.5bn investment in the steel industry after Donald Trump announced 25% tariffs on steel and aluminum imports into the US.
The business secretary will publish a green paper outlining the plan to support the UK steel industry, which is a key part of the government’s drive for economic growth, and includes a £500m package for Tata Steel to part-fund new steel production at Port Talbot in south Wales.