What is a carbon border tax and what does it mean for trade?

The EU's proposed carbon border adjustment tax would initially apply to imports of cement, iron and steel, aluminium, fertilizers and electricity. Image: Christopher Burns for Unsplash
Tatiana Lacerda Prazeres
Senior Fellow, University of International Business and Economics in Beijing, and Former Foreign Trade Secretary of Brazil
Zhiyu Xie
Research Assistant, Peking University

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