Piyush Goyal criticizes EU carbon tax on steel during Berlin visit

Union Commerce and Industry Minister Piyush Goyal stated in Berlin that the European Union is inviting disaster by imposing a Carbon Border Adjustment Mechanism and import duties on steel.

Speaking at the Berlin Global Dialogue, Goyal warned that these regulations will increase living costs, lower business competitiveness, and create non-tariff barriers for international trade.

India has previously raised concerns regarding these measures, noting that Indian exports like steel, aluminium, and cement could face tariffs ranging between 20% and 35%.