USTR Eyes Carbon Border Tax, Trade Policy Measures To Address Climate

The Biden administration is planning to use a range of trade measures to bolster its efforts to combat climate change, the Office of the U.S. Trade Representative (USTR) says in a new policy agenda delivered to Congress, including a possible carbon border tax that would align with the European Union’s (EU) plan to adopt such a tariff. “The United States will work with other countries, both bilaterally and multilaterally, towards environmental sustainability and raising global climate ambition. As part of...