China Slams EU Carbon Tax as Unfair, Threatens Countermeasures

World
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Moneycontrol•01-01-2026, 18:11
China Slams EU Carbon Tax as Unfair, Threatens Countermeasures
- •China's Ministry of Commerce labels the EU's Carbon Border Adjustment Mechanism (CBAM) "unfair" and "discriminatory," vowing countermeasures.
- •Beijing criticizes the EU for assigning "excessively high" carbon-intensity values to Chinese products, inconsistent with its development.
- •China opposes CBAM's proposed expansion to 180 steel- and aluminum-intensive products, calling it "beyond legitimate scope."
- •The ministry accuses the EU of "double standards," easing internal green rules while imposing external trade barriers.
- •China views CBAM as a "new form of trade protectionism" that will raise costs for developing nations and undermine international trust.
Why It Matters: China condemns EU's CBAM as discriminatory trade protectionism, warning of retaliatory actions.
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