Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

10 DECEMBER 2018 AL CIRCLE

US companies shelled out a record US$6.2 billion tariffs in October driven by Trump's tariffs

EDITED BY : BEETHIKA BISWAS 2MINS READ

US companies have paid tariff duties of US$ 6.2 billion in October. The October tariff collections registered a 104% jump YoY from October 2017 amount of US$3.1 million and up from US$ 4.4 billion in September 2018, mostly driven by President Trump’s tariffs on steel, aluminium, and Chinese goods.

US companies paid US$ 2.2 billion more to import goods subject to Trump’s tariffs in October. The costs are causing investment delays and layoffs in the American firms. Trump has cheered billions “pouring into the coffers of the USA,” while the costs are adding huge to the operational costs.

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Compared to the increase in tariff component, the value of imports increased just 13% in the same month, according to data compiled by Tariffs Hurt the Heartland, a pro-free trade group, and research firm The Trade Partnership. This is the largest monthly tariff collection amount in the history of US freign trade.

According to Tariffs Hurt the Heartland, tariff collections on steel hit US$ 446 million in October, while tariffs on aluminium stood at US$134 million. Since the imposition of steel and aluminium tariffs in May, US firms have paid US$3.1 billion to import the metals.

October also marked the first month that Trump’s 10% tariff on roughly US$200 billion worth of Chinese goods went into effect, adding onto 25% tariffs on $US50 billion worth of Chinese goods that were imposed back in July. This has added to the tariff collection.

The new round caused a marked jump in tariff collections on those goods. The tariffs costed US firms US$ 4 billion more since China tariffs were imposed in July and in total, US companies paid US$7.4 billion more in tariffs due to Trump’s trade war since May.

According to most economists these costs are mostly being borne by American companies. If cost increases continue this way for the US companies, consumer prices are bound to rise. If U.S China trade truce does not lead to a proper solution and Trump imposes tariffs on imported cars or more Chinese goods, the costs could eventually affect US GDP growth.

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