Development economist: U.S., EU might not see eye-to-eye on steel deal

While some in the U.S. view a recent deal with the European Union to resolve tariffs on steel and aluminum as a step toward a so-called “climate club” approach to global decarbonization, the EU likely will not, according to an economist who has been studying policies designed to guard against “carbon leakage.” “Those two different conceptions of what the agreement could be are going to come to a head when they get into negotiations about the details of the agreement,”...