MENU

Panjiva_research_logo

Daimler, Deere could face Trump-baiting EU carbon border tax

Canada 424 China 2566 Elections 90 European Union 645 Materials - Metals/Mining 624 Metals - Steel 433 Mexico 725 Tariffs 1632 U.S. 4555

The European Union’s carbon border tax (CBT) plans may initially focus on cement, power and steel though it is “still struggling in finding a way to such a mechanism in a WTO compatible manner”, according to EC Deputy Director General Klaus-Dieter Borchardt. The implementation of a CBT is one possible trigger for a trade war with the U.S. in the event of a second Trump administration after the elections. By contrast it could be a point of consensus if former Vice President Biden wins. The U.S. only accounted for 2.9% of EU steel imports in the 12 months to June 30, while the EU represent...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.