A US agency revealed that the United States and the European Union are considering imposing new tariffs on Chinese steel and aluminum as part of the fight against carbon dioxide emissions
Bloomberg reported, citing sources familiar with the situation, that the idea originated in the administration of US President Joe Biden, but it is still at an early stage and has not been officially presented as a proposal.
According to the source, there is difficulty in reaching an agreement with the European Union before the end of next year, as it was noted that it targets China, the world’s largest carbon emitter and producer of steel and aluminum in addition to other major polluting countries.
The agency said the tariff plan is likely to exacerbate differences between Beijing and Washington, especially given the fact that both countries have pledged to work together to combat climate change.
The agency indicated that negotiations between the United States and the European Union to resolve the climate crisis are a positive sign for relations between the two parties against the background of the conflict that arose due to Washington’s measures to combat inflation, stressing that several other countries have expressed interest in joining the talks. Yet it is unlikely they will be able to join the initiative immediately.