People familiar with the matter revealed that the United States and the European Union are considering new tariffs on Chinese steel and aluminum as part of the measures to reduce carbon emissions and cope with global capacity.
According to Bloomberg report on December 6, the United States and the European Union will seek tariff measures that are usually used for trade disputes to promote its climate agenda, which will marked a new measure.The stock price of American steel and aluminum manufacturers rose in the after -market transactions.
People familiar with the matter who have not been named because of relevant discussions have not yet been made public, saying that the idea of this internally in the Bayeng government is still in the initial stage and has not been officially proposed.One of the people familiar with the matter said that the specific details of the EU reached an agreement, including how to determine the threshold for applicable tariffs, and the sooner it would be possible to be later next year, and it was added that even if this timetable was optimistic.
People familiar with the matter said that the new framework was based on the relevant US-EU related agreement last year, mainly for China, the world's largest carbon emission country and steel and aluminum producer, as well as other large pollution countries.
Bloomberg reports that when China and the United States have promised to deal with climate change together, this tariff plan may deepen the differences between Beijing and Washington.However, for the US -Europe relations that are damaged due to trade frictions, the United States and the European Union may have a positive sign of consultation on climate crisis.
