Biden transition adviser suggests carbon deal with EU could be on horizon

While the Biden administration might not pursue comprehensive trade pacts early on, it is likely to consider sectoral deals -- such as an agreement with the European Union on a carbon border-adjustment mechanism -- “sooner rather than later,” a member of the president’s Office of the U.S. Trade Representative transition team said on Tuesday. Todd Tucker, director of governance studies at the Roosevelt Institute, said he would “frankly be surprised” if President Biden pursued “mega-deals” akin to the U.S.-Mexico-Canada Agreement...