The new European Union executive risks stoking international tensions over trade...
LONDON - The new European Union executive risks stoking international tensions over trade and the environment even before it takes office in November by promising a carbon border tax to shelter its industry from the cost of cutting emissions.
Until now, the Commission has handed out free ETS permits to tackle industry’s complaints it is subject to “carbon leakage,” the term used to refer to the possibility high EU compliance costs will drive manufacturers to move their plants to lower-cost parts of the world. History suggests the United States and China will respond if the Commission’s proposal ever becomes law.
In policy guidelines, Ursula von der Leyen, the German president-elect of the new Commission, said she would introduce a carbon border tax, starting with selected sectors.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
EU trade official says Europe 'must stand up for itself' in aircraft subsidy fight with USThe European Union's next chief of trade policy said the United States is not yet 'in a position' to engage on proposals to end aircraft subsidies.
Leer más »
EU trade chief says retaliatory tariffs on US possible before Boeing rulingEurope's top trade official told CNBC her 'impression' was that the United States would introduce fresh tariffs on EU products as soon as this month.
Leer más »
Boris Johnson is trying to force the EU into rejecting a Brexit dealBoris Johnson is acting like Vito Corleone in the Godfather, only this is an offer the EU will have no choice but to refuse.
Leer más »
Final proposal: UK PM Johnson to unveil Brexit offer to EUPrime Minister Boris Johnson will on Wednesday unveil his final Brexit offer to ...
Leer más »
Trump set to hit EU with tariffs on $7.5B of goods after Airbus ruling
Leer más »
Distrustful EU to examine Britain's latest Brexit offerBritain's latest Brexit proposal was bound for a cool reception in the Euro...
Leer más »