Delivering his address at the World Economic Forum, vice-premier Ding Xuexiang said China’s green pursuits are long-term and not “an act of expediency”. He is the first senior Chinese leader to address concerns over an imminent tariff war since US president Donald Trump kicked off his second term.
The international trade body backed the EU’s decision to impose rules against palm oil as a biofuel due to emission risks but said the bloc failed to properly implement them, validating complaints by trade partner Malaysia.
India's key export industries such as steel could be hit by the EU’s Carbon Border Adjustment Mechanism, which are designed to make sure Europe’s decarbonisation efforts are not undermined by trade partners with weaker pollution standards.