Carbon Taxes/Tariffs
Total 2 Posts
Report Suggests U.S./EU Considering Steel/Aluminum Tariffs on China, Others
A report from yesterday indicates that the Biden administration is pressing the European Union to agree to a plan that would impose tariffs on imports of steel and aluminum, from China and elsewhere, if it has high carbon emissions and constitutes "non-market" production leading to overcapacity. Such a plan, which
China Calls EU’s Carbon Border Tax Proposal WTO-Inconsistent
The European Commission recently proposed a package of legislative measures to
reduce the EU's carbon emissions by at least 55% by 2030, including a Carbon
Border Adjustment Mechanism
[https://ec.europa.eu/info/sites/default/files/carbon_border_adjustment_mechanism_0.pdf]
(CBAM). This proposal has drawn criticism from Chinese