Production of special steel at Huaisteel, a subsidiary of the Jiangsu Shagang Group: Many metal products are affected by the EU's emissions pricing. (IMAGO / NurPhoto)
The EU plans to tax carbon dioxide emissions when importing products from non-EU countries. China is particularly affected – and regards the CBAM adjustment mechanism primarily as protectionism. Small companies in particular are faced with a problem.
It doesn't take a prophet to predict that new tensions in EU trade with China are just around the corner. The culprit this time is the European Carbon Border Adjustment Mechanism, CBAM, which China has already condemned as "green protectionism."
