You're inviting disaster: Piyush Goyal to Europe over carbon tax on steel

Commerce Minister Piyush Goyal warned that Europe is "inviting disaster" by imposing the Carbon Border Adjustment Mechanism (CBAM), which levies a carbon cost on certain imports, including steel. He said the measure would raise the cost of living for Europeans. The European Union has also tightened steel import restrictions and imposed a 50% tariff on imports exceeding quotas.