EU Carbon Tariffs Risk Trade War With India
Carbon tariffs are a keystone of the EU’s “Fit for 55” package, but they may also herald a new era of protectionism and put strain on geopolitical relations.
Carbon tariffs are a keystone of the EU’s “Fit for 55” package, but they may also herald a new era of protectionism and put strain on geopolitical relations.
The proposal seeks to eliminate the existing €150 limit on importing small goods free of charges, so European customers would have to pay both sales tax and customs duties on every item in the future.
After weeks of intense negotiations, five EU countries will lift their earlier bans on Ukrainian agricultural imports.
Russia, the world’s largest wheat exporter, has threatened to restrict vital agricultural and food exports to countries deemed “friendly” to Moscow, prompting widespread concerns of a global food and migration crisis.
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