Commerce Minister Piyush Goyal warns EU carbon tax will raise costs for infrastructure

India's Commerce Minister Piyush Goyal said on Thursday the European Union’s carbon border tax would raise living costs.
At the Berlin Global Dialogue, he said new rules and a 50% steel duty hurt European industry.
Costlier steel, aluminium and cement would raise infrastructure costs, and partners may retaliate.
He said India has 17% of the world’s population but under 3.5% of global carbon emissions.

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