Why Carbon Border Taxes Are Reshaping Global Trade

The European Union's Carbon Border Adjustment Mechanism (CBAM) is now in its second year, and it's already reshaping how goods flow across borders. Lucas and Luna break down the specific impact on steel imports from China and aluminum from Russia, using real data from the first quarter of 2026. They explain how the tax works, why it's controversial in developing nations, and what it means for companies like Volkswagen and ArcelorMittal. The episode also touches on the Biden administration's parallel efforts to design a US carbon border tax. By the end, listeners will understand why CBAM is being called the most consequential climate trade policy in history. #CarbonBorderTax #CBAM #EUTrade #SteelImports #AluminumTrade #ClimatePolicy #GlobalTrade #Volkswagen #ArcelorMittal #CarbonPricing #GreenTariffs #WTO #DevelopingNations #BidenAdministration #SustainabilityCosts #Economics #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo