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
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