Listen 5 min Comment on this story Comment Gift Article ShareIn a rare example of a bipartisan climate policy, momentum is growing on Capitol Hill for a plan to tax imports from China and other countries with looser environmental standards. Cramer said Republicans are increasingly interested in a carbon border tax as a way to counter China and protect U.S. businesses. The bill also comes after Democrats last year enacted the most ambitious climate bill in U.S. history. AdvertisementWhile Republicans have warmed to the idea of carbon border tariffs, they remain resistant to a domestic carbon tax, saying it would harm the U.S. fossil fuel industry. “We spend so much time as Republicans saying ‘hell no’ to people who want to tax carbon or want to somehow decarbonize,” he added.

Source: Washington Post June 07, 2023 14:35 UTC