That's $100 leaving the country. > And no, do not expect Chinese companies to just eat the tax, because their profit margins are usually already thin, as they

That's $100 leaving the country. > And no, do not expect Chinese companies to just eat the tax, because their profit margins are usually already thin, as they are competing on price in many markets. That's the point. From the article: > Under the new regime, an importer of Chinese steel will have to purchase carbon credits that correspond to the same rate as steel produced in the European Union. Europe already produces this stuff, they're just being outcompeted by China subsidizing their costs using the environment. Since China and Europe happen to be share big parts of the environment, Europe feels environmental effects no matter where the steal is produced. Yes, I am suggesting they were already paying for this (just not with money). I think the EU is too.