Think Tank Says EU Carbon Border Adjustment Could Become New US-EU Trade Tension
Digital services taxes and Boeing-Airbus disputes need to be cleared away, but in just a few months, another potential trade friction between the U.S. and the European Union may arise, according to a recent think tank study on the trans-Atlantic…
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economic relationship. The Wilson Center said the European Commission intends to release a carbon border adjustment mechanism proposal this summer, so the U.S. and EU consultations have no time to waste. “Because the EU and the United States are each other’s largest commercial partners, driven by significant mutual investments forming dense interlinkages across both economies, it will be important for the parties to work together to devise WTO-compatible CBAMs,” the study said.