EU ‘inviting disaster’ by imposing carbon tax on steel, says Piyush Goyal in Berlin
Indian Commerce Minister Piyush Goyal criticized the European Union's implementation of a carbon tax on steel, labeling it a self-defeating policy that will increase living costs. He argued that such protectionist regulations hinder global trade and contradict the EU's own development history.
Why it matters
This highlights growing friction between emerging economies and the EU over climate-related trade barriers, which could impact global supply chains and steel pricing.
EU ‘inviting disaster’ by imposing carbon tax on steel, says Piyush Goyal in Berlin left Union Commerce and Industry Minister Piyush Goyal during the Berlin Global Dialogue Panel Discussion on October 22, 2026. Source: X/@PiyushGoyal https://th-i.thgim.com/public/incoming/l94akr/article71614655.ece/alternates/FREE_1200/20261022527L.jpg ANI Berlin [Germany], Oct 22 (ANI): Union Commerce and Industry Minister Piyush Goyal during the Berlin Global Dialogue Panel Discussion on "New Era, New Alliances: The Third Path?", in Berlin on Thursday. (@PiyushGoyal X/ANI Photo) The Union Minister said the EU is “shooting” itself in the foot by bringing in more regulations, restrictions on itself, and closing its borders, something that actually helped them become a developed set of nations. Berlin The European Union (EU) is “inviting disaster” by imposing a carbon tax on its steel products, Commerce and Industry Minister Piyush Goyal said in Berlin on Thursday (October 23, 2026).
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