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US climate change bill will affect trade

US climate change bill will affect trade article image
A climate change bill currently under review in the US Senate would, if passed, spark a "green trade war", according to US business groups. The bill, passed last month in the country's House of Representative, includes a program that would allow the imposition of additional tariffs on carbon-intensive goods imported from countries the US believes have not done enough to reduce their carbon emissions. "We urge the Senate to refrain from including provisions that could negatively impact US relations with key trading partners and disrupt the global trading systems. Climate change is a global problem that calls for international cooperation, not unilateral ultimatums," read a letter from the US Chamber of Commerce, and other business groups, to Senate leaders. The groups have flagged possible trade retaliation as a disincentive to pass the bill. Countries including China and India have already objected to the bill.

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