Kerry 'concerned' about EU carbon border tax implications - FT
FT via Reuters
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Friday, March 12, 2021
The United States' Special Presidential Envoy for Climate John Kerry said he was "concerned" about the implications of the European Union's (EU) plans for a carbon border tax adjustment, the Financial Times reported on Friday. The former U.S. secretary of state told the FT in an interview the tax adjustment should be a "last resort", and that it had "serious implications for economies, and for relationships, and trade." Brussels plans to impose a tax that essentially consists of import fees levied by carbon-taxing countries on goods manufactured in non-carbon-taxing countries. The EU is expected to propose its policy before the end of June.
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