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White House withholds support of Democratic carbon border tax

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Reuters

By Jarrett Renshaw (Reuters) – The White House is withholding support for a Democratic proposal to impose a pollution tax on imports from China and other countries, casting doubt on whether Democrats will be able to deploy what environmentalists consider one of the greatest weapons to tackle global climate change in a massive spending bill this year. The United States is the closest it has ever been to imposing a carbon border tax – which seeks to level the playing field between U.S. companies which face environmental regulations at home and foreign competitors with less rigorous standards – a…

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