Updated: March 21, 2023, 07:17 PM IST
From January 1, 2026, the European Union will start charging countries… More
Updated: March 21, 2023, 07:17 PM IST
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From January 1, 2026, the European Union will start charging countries… MoreFrom 1 January 2026, the EU will start charging the rest of the world a carbon tax under the Carbon Border Adjustment Mechanism or CBAM. This will adversely affect India’s metal exports worth $8 billion to the European Union. According to officials aware of the developments, India is considering imposing a retaliatory tariff in response to the EU’s carbon tariffs.