Is "border adjustment taxes" leading to trade protectionism? | WHYCHINA

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  • Published on:  Tuesday, July 6, 2021
  • EU countries advocate imposing border adjustment taxes since 2023, levied on imported carbon-containing products that don’t meet the climate rules.

    Like Greta Thunberg said, as a developing country, China manufactures a lot of our products. Yes, as a developing nation, China still performs high-energy-consuming manufacturing.

    However, the whole world is dependent on products made in China, like 70% of the world’s toothbrushes, 70% of toys and 40% of socks all coming from China.

    Will EU’s border adjustment taxes be a motivation for energy structure optimization or just another excuse for trade protectionism?

    Credits:
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  • Source: https://youtu.be/XHhkOh4OpUE
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