Europe’s manufacturers fear landmark carbon import tax may do more harm than good
"My advice is to mount a huge diplomatic push to assuage the concerns of third countries", says Sam Lowe, trade expert at the Centre for European Reform, who expects the EU may end up at least altering its carbon border tax following a likely challenge.
He worries a CBAM could trigger a new bout of trade disputes at a time when the international rules-based trading system has come under heavy fire.