FT News Briefing Denmark’s cow tax is more than just hot air
Jul 3, 2024
The EU plans to impose duties on substandard Chinese goods, impacting international trade dynamics. Denmark is pioneering a carbon tax on livestock to reduce methane emissions, charging farmers €100 per cow. Meanwhile, Panama's president vows to close the Darién Gap, a notorious route for migrants. On the political front, Joe Biden faces pressure regarding his fitness for re-election, reflecting broader concerns about immigration and environmental policies in the U.S. and Europe.
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EU Import Duties on Chinese Goods
- The European Commission plans to impose import duties on cheap Chinese goods.
- This aims to reduce the influx of substandard products into the EU market.
Closing the Darién Gap
- Panama's President, José Raúl Molino, plans to close the Darién Gap, a major migrant route to the US.
- This move addresses economic and social costs and strengthens US-Panama relations.
Denmark's Cow Tax
- Denmark introduced the world's first carbon tax on livestock, targeting methane emissions from cows.
- This tax aims to reduce agricultural emissions and could influence similar policies globally.