U.S., EU weigh climate-based tariffs on Chinese steel and aluminum -Bloomberg News

December 06, 2022 06:27 AM HKT | By Reuters
Follow us on Google News:
Image source: Reuters

(Reuters) - The U.S. and the European Union are weighing new tariffs on Chinese steel and aluminum as part of a bid to fight carbon emissions and global overcapacity, Bloomberg News reported on Monday, citing people familiar with the matter.

The idea floated within President Joe Biden's administration is still in an initial phase and hasn’t been formally proposed, the report said, adding that an agreement with the EU isn't likely until late next year at the earliest.

(Reporting by Akriti Sharma in Bengaluru Editing by Leslie Adler)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Top Listed Companies