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EU's carbon border tax on heavy industry goods goes into effect risking trade escalation
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EU's carbon border tax on heavy industry goods goes into effect risking trade escalation

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Steel and aluminium exporters to the EU will start paying for the CO2 emissions linked to their production as of 1 January 2026. Critics have accused the EU's law of 'protectionism' and say it will hurt trade.

Imports of steel, aluminium, cement and other heavy goods to the European Union will start paying for the CO2 emissions they produce from 1 January, as the bloc seeks to protect EU manufacturers facing more stringent obligations compared to foreign p... [4616 chars]

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Source: Euronews.com

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