The U.K. government on Monday announced plans to impose a carbon import levy on a number of products imported from countries with a lower or no carbon price by 2027 to ensure that products from overseas face a comparable carbon price to those produced in the UK.
Carbon import levy will apply to imports of iron, steel, aluminium, ceramics and cement from countries with less strict climate policies,
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.