EU begins applying the Carbon Mechanism on seven imports with surcharges to 20% to 35%

Saturday, October 7th 2023 - 07:16 UTC

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The European Union has been proactive in pressuring its trading partners to adhere to its domestic greenhouse gas emissions reduction goals, primarily rooted in protectionism. First, with the imposition of the Deforestation Law last June. Now, with the adoption of the Carbon Border Adjustment Mechanism (Cbam), Brussels subjects imports of seven inputs to surcharges of 20% to 35% if production exceeds its environmental limits. Brazil is among the top ten potentially most affected exporters, especially in the iron and steel sectors. Read full article

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Brasileiro
Europe is the most warlike continent on the planet. War is the common state of that region.

I'm starting to think that the best thing would be for Brazil to close its borders and refrain from doing any trade with Europeans.
Oct 07th, 2023 - 12:06 pm - Link - Report abuse 0
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Esteban Domingo Fernandez
What a very silly and uneducated thing to say Brasil,
Oct 09th, 2023 - 05:23 pm - Link - Report abuse 0
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