# EU carbon tax risks global competitiveness

> EU carbon tax could hurt European industries and global trade.
- Title: EU carbon tax risks global competitiveness | Shortify
- Summary: EU carbon tax could hurt European industries and global trade. EU's carbon tax on steel imports may raise costs, stoke inflation, and reduce Europe's…
- Keywords: eu carbon tax, piyush goyal, carbon border adjustment mechanism, cbam, steel imports, india eu trade, carbon, tax, risks, global, competitiveness, The Economic Times
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/eu-carbon-tax-piyush-goyal-asks-europe-not-to-invite-disaster-or-shoot-themselves-in-the-foot/articleshow/135122872.cms
- Author: ET Online
- Published: 2026-10-22T16:22:00+00:00
- Read time: 1 min
- Topics: eu carbon tax, piyush goyal, carbon border adjustment mechanism, cbam, steel imports, india eu trade
## EU carbon tax warning
Commerce Minister Piyush Goyal warns EU's carbon tax on steel imports risks higher costs for businesses and consumers.
## CBAM and regulatory burden
EU's Carbon Border Adjustment Mechanism (CBAM) adds 75-77 regulations, increasing compliance costs for global trade.
## Impact on infrastructure
Higher steel, aluminium and cement costs threaten infrastructure projects like ports, airports, and water pipelines.
## Industry competitiveness
German car sales dropped 15-20% over decade as EU regulations strain automotive sector.
## Key takeaway

EU's carbon tax on steel imports may raise costs, stoke inflation, and reduce Europe's competitiveness.