Kate Mackenzie More rumblings over US ‘carbon protectionism’

Another sign from China that it is not pleased with the US proposal, contained in the Waxman Markey bill, for a “border adjustment” programme would levy import taxes on foreign manufacturers to cover carbon contained in US-bound products. The FT reports:

During a speech at New York University about how the US and China can forge a closer partnership, Tung Chee-hwa, vice-chairman of the Chinese People’s Political Consultative Conference (CPPCC), the Chinese government’s official advisory, said that a proposed “border adjustment” programme could be challenged through the World Trade Organisation and that he was “distressed” by the new bill introduced to Congress.

“This is particularly unfair to China,” Mr Tung, who was chief executive of Hong Kong from 1997 until 2005, said.

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