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The Case for Climate Tariffs

Because the United States is the world’s biggest economy, most countries have to accommodate America’s trade demands in some way. In a similar vein, a future US government could use import tariffs, or the threat of them, to push other countries to reduce their carbon dioxide emissions more sharply.

CANBERRA – As Australia heads toward a federal election on May 18, the national debate on cutting carbon dioxide emissions is heating up. Yet the discussion highlights the limits of what Australia or any other individual country can do to combat global warming. Rather, the world must step up its collective efforts to tackle climate change. And, strange as it may sound, US President Donald Trump’s aggressive trade policies could point to a way forward.

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