UK Ramps Up Steel Industry Strategy as Trump Imposes New Tariffs

The Labour government accelerates a £2.5 billion investment plan to shield the steel sector from US tariffs and bolster its long-term viability.

President Donald Trump has announced a 25% tariff on all steel and aluminum imports to the US, set to take effect in March, raising concerns for the UK steel industry.
The UK government has expedited the release of its 'Plan for Steel,' which includes £2.5 billion in investments to modernize the sector and protect jobs.
Business Secretary Jonathan Reynolds argues that UK steel exports, which include specialized products for US defense, should be exempt from the tariffs.
The US is the second-largest export market for UK steel, valued at over £400 million annually, with industry leaders warning of significant economic impacts if tariffs are implemented.
The government’s plan includes measures to reduce energy costs, invest in electric arc furnaces, and promote the use of UK steel in domestic infrastructure projects like Heathrow Airport expansion.