HN Reader

This became just more regulatory moat-building to protect the lagging domestic European auto industry. And by 'auto industry' it means the industry of 2-3 countries. And that means basically 2-3 brands and no more. Other economic regions will retaliate in kind.

> As Moroccan firms will already pay a carbon price domestically, their exports are likely to avoid additional CBAM charges at the EU border, helping them remain competitive

As per some reports, EU was not agreeing to a similar proposal from India.

Hopefully, there will be as many complaints about this (which will increase the cost of everything) as the Tariffs Trump imposed.