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To achieve the established carbon emission reduction targets, reduce the intensity of carbon leakage, and protect the EU local enterprise market, in December 2022, the amendment to the EU Carbon Border Adjustment Mechanism (CBAM), which covers key industries such as steel, aluminum products, cement, fertilizer, and electricity, was officially released by the EU Parliament decision and will be officially implemented on October 1, 2023. This study tries to discuss its impact for China—EU trade.