November 4, 2024
Sen. Cassidy plans carbon tariff legislation to counter China
Looser environmental standards reward Chinese manufacturers in U.S. markets, Sen. Bill Cassidy (R-LA) wrote this week, pledging to introduce legislation to impose a “foreign pollution fee” on imports produced with higher emissions than U.S.-produced products. Writing in Foreign Affairs , the Finance and Energy and Natural Resources committee member argued that reduced manufacturing costs stemming from less-stringent environmental regulation and enforcement are “encouraging U.S. manufacturing and the jobs associated with it to migrate overseas.” “It is unacceptable for China, or...
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