A report from yesterday indicates that the Biden administration is pressing the European Union to agree to a plan that would impose tariffs on imports of steel and aluminum, from China and elsewhere, if it has high carbon emissions and constitutes "non-market" production leading to overcapacity. Such a plan, which has been promoted by some think-tankers and academics, faces difficult prospects, however.

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Carbon Taxes/TariffsSteelAluminumEnvironmental IssuesClimate Change