According to foreign media, on December 7, American officials proposed to impose tariffs on steel and aluminum producers based on industrial carbon emissions. It is understood that the proposal states that member countries with emissions exceeding the specified standards need to pay higher tariffs when exporting metal products to countries with lower emissions, and no tariffs need to be paid when the emissions of steel plants and aluminum casting plants are equal to or lower than the emission standards of the importing countries.
Foreign media believe that the above plan will benefit American steel manufacturers. However, the obstacles encountered by this proposal are very large. On the one hand, the carbon border regulation mechanism and carbon emission trading mechanism proposed by the EU are very different from the carbon tariff policy proposed by the United States, and it may take time to coordinate these differences; On the other hand, the legal power of Biden government to impose carbon tariffs has not been clarified.