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How global trade could fragment after the EU’s tax on ‘dirty’ imports

Workers monitor the blast furnace at the Bao steel mill in Baotou, Inner Mongolia, China.
Workers monitor the blast furnace at the Bao steel mill in Baotou, China. Photo: Getty Images
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The Financial Times

11 min read

A levy on imports of carbon-intensive materials such as steel may help limit emissions, but producers warn it could radically alter trade flows.

9 January, 2024 by Alice Hancock in Brussels and Sylvia Pfeifer in London

In Jiaxing, a manufacturing town on the outskirts of Shanghai, 400 steel industry executives and engineers gathered last November to tackle an enormous task: weaning the world’s biggest steel producer off coal-fired blast furnaces.

The subject is of burning

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