Steel import tariffs and CO2 border taxes: protectionism or encouragement?

Since late 2019, the European Commission has been considering the introduction of a CO2 border tax, covering all industrial sectors. At first glance, this has the appearance of another protectionist measure, aimed at preserving European manufacturing in the face of imports, which supposedly undercut local costs. In truth, a tax which has as its goal the reduction of emissions within Europe can be viewed much more positively than the raft of protectionist tariffs introduced worldwide in recent times.

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