U.S. Envoy: The EU’s Carbon Border Mechanism a Tariff ‘by a Different Name’
7 Articles
7 Articles
The EU's Carbon Adjustment Mechanism (CBAM) is effectively a form of tariff protection for European producers, despite the EU positioning it as a climate change tool. This was reported by RBC-Ukraine, citing a Financial Times article. The author of the FT article, the US Ambassador to the EU, compares the CBAM to US tariffs on steel and aluminum, imposed for national security reasons. He argues that both mechanisms pursue a similar economic goal…
The European Commission rejected Thursday's criticism of the US Ambassador to the EU, Andrew Puzder, of the Carbon Border Adjustment Mechanism (CBAM) and denied that it could be equated with US tariffs on steel and aluminium, arguing that it is a climate measure that does not discriminate between trading partners.
EU Defends Carbon Border Levy After US Envoy’s Criticism
The European Commission does not share the characterization of its Carbon Border Adjustment Mechanism as a tariff, spokesperson Louise Bogey says at a daily press briefing in Brussels, responding to a question about an FT op-ed from US Ambassador to the EU Andrew Puzder.
The European Commission rejected Thursday's criticism of the US ambassador to the EU, Andrew Puzder, of the Carbon Border Adjustment Mechanism (CBAM) and has denied that it can be equated with US tariffs on steel and aluminium, arguing that it is a climate measure that does not discriminate between trading partners.
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