Analysts See Existing Trade Law As Path To U.S.-EU Climate Tariff Deal

Analysts are arguing that the Biden administration could use existing authority under section 232 of the Trade Expansion Act to implement climate-focused trade measures like those the Biden administration are pursuing in partnership with the European Union. A proposal sent last month by Biden officials to the European Commission would establish a consortium of climate-ambitious countries that would agree to impose tariffs targeting carbon-intensive steel and aluminum produced elsewhere, according to several reports . The proposal for a “Global Arrangement...