News Snapshot:
“This proposed carbon-border tax is being presented in the rhetoric of climate change, but it’s very much a protectionist move,” Dr Gregg said. “Though this move is not directed at countries like Australia, it could easily affect Australian trade with China in the form of China adopting retaliatory measures against the US and its allies, or simply an overall decline in international trade which is not good for an export-economy like Australia’s,” he said. “It cannot be ruled out that China could seek to pass on the cost of an American carbon tax indirectly to Australia by raising tariffs on...
