Published 7 days ago • loading... • Updated 3 days ago

UK Debuts £2.5 Billion Steel Plan After Trump’s Tariff Threat

Keir Starmer pledged to support the UK steel industry with up to £2.5 billion in response to Donald Trump's tariff threat on steel imports.
Business Secretary Jonathan Reynolds stated that the government is fully committed to the steel sector to maintain jobs and drive growth, as the UK produces only 30% of the steel it needs domestically.
Gareth Stace, director general of UK Steel, welcomed the government's commitment, marking a significant investment in the steel industry.
The UK government plans to support steelmakers with initiatives focused on energy costs and recycling initiatives, aiming to secure the industry's future.

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