EU's Carbon Tariff Sparks Trade Tensions at Climate Talks

Global climate talks in Belém, Brazil, are under strain due to the EUs new carbon tariff scheme, CBAM, which is causing diplomatic tension and trade concerns. Developing countries argue its protectionist, while the EU insists its a climate measure. The EU resists linking trade and climate discussions, but acknowledges the potential for friction in the trading system. Meanwhile, other countries are accused of using trade concerns as leverage in broader negotiations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.