Telegraph: “The EU is about to hit self-destruct”

Consider, for instance, the European Carbon Border Adjustment Mechanism (CBAM). It imposes significant trade barriers between the EU and its trading partners. Already introduced but with much more (and worse) to come, the CBAM will apply a tariff to carbon-intensive products. This will result in a decline in trade openness for the EU and any other countries that follow suit. Read more [Link]