The EU Contemplates A Carbon Tax At the Border, Spain Is Latest to Declare Climate Emergency

The European Union is seriously considering imposing a carbon border tax on items it imports from countries that do not meet climate goals, and the U.S. is apparently pushing back arguing that this would hurt U.S. businesses and jeopardize a purported U.S.-E.U. trade deal.

Why This Matters:  It may not matter that the U.S. is withdrawing from the Paris Agreement because the rest of the world is going to make the U.S. comply with it one way or another.

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