Democrats Float Carbon Import Fee Despite Lack Of US ‘Carbon Price’

Capitol Hill Democrats are floating legislation that would impose a carbon fee on imported goods without linking it to an explicit federal carbon price, even though some experts have argued such a price is necessary to ward off claims such fees amount to a protectionist tariff in violation of international trade rules. The legislation , introduced July 19 and dubbed the FAIR Transition and Competition Act, may provide new detail on how lawmakers incorporate a polluter import fee into Democrats’...