Coons: CBAM gaining GOP support -- but not yet enough to pass Senate

Some Republican senators -- but fewer than 10 -- are ready to throw their support behind a carbon border fee targeting high-emissions imports, according to Sen. Chris Coons (D-DE), a leading proponent of the policy and co-chair of a bipartisan caucus that has been wrestling with how to design and legislate it. “There’s a number of Republican senators interested in the subject, willing to publicly support it,” Coons told Inside U.S. Trade at the Capitol on Wednesday. “But the...