US begins probe into EU’s carbon border tax: How India could benefit

Any US measure to make CBAM more flexible could help Indian exports. This is because a clause in India’s trade deal with the EU allows Indian exporters to receive the same concessions offered to Washington.The United States Trade Representative (USTR) this week began an investigation into the European Union’s expansion of its Carbon Border Adjustment Mechanism (CBAM) — a move that could ratchet up trade tensions between the two sides.