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India Faces €330M CBAM Liability Amid EU Trade Tensions

10/18/2025

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Summary

Story summary

India faces a CBAM liability of €330 million, including €301 million for iron and steel, the highest among exporting countries to the EU.
India's Commerce Minister Piyush Goyal says CBAM is a non-tariff barrier and warns of potential retaliatory taxes.
The European Union plans to help developing countries affected by CBAM through the Global Europe instrument, allocating €200 billion for climate initiatives from 2028 to 2034.

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Story summary

India faces a CBAM liability of €330 million, including €301 million for iron and steel, the highest among exporting countries to the EU.
India's Commerce Minister Piyush Goyal says CBAM is a non-tariff barrier and warns of potential retaliatory taxes.
The European Union plans to help developing countries affected by CBAM through the Global Europe instrument, allocating €200 billion for climate initiatives from 2028 to 2034.