A steelworker walks beside steel coils at the Thyssenkrupp steelworks in Duisburg, Germany, on Thursday, March 20, 2025. MARTIN MEISSNER/AP
An EU environmental levy on imports will be extended to cover scores of products made with steel and aluminium, like washing machines and car parts, under plans unveiled on Wednesday, December 17.
Known as the Carbon Border Adjustment Mechanism (CBAM), the tax currently targets carbon-intensive goods such as aluminium, cement, electricity and steel from countries with lower environmental standards. It aims to level the playing field for European industries subject to strict emissions rules.
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