EU Drops Aluminum Scrap Export Tax Plan Over India Trade Deal Concerns

The retreat shows trade diplomacy overriding industrial policy: the EU's push to keep scrap at home for domestic recyclers collided with a partner whose demand for the material is central to the deal. That leaves European recyclers without the feedstock protection the tax implied, while India preserves access to a key input. Whether the EU revisits scrap-export measures in another form, or whether the India agreement actually concludes, is the open question worth watching.