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Biden administration to consider carbon border tax as part of trade agenda: USTR

The Biden Administration says it will consider carbon border adjustment taxes to help cut greenhouse gas emissions in global trade and intends to pursue "strengthened enforcement" to ensure that China lives up to existing trade obligations.

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Biden plan to end U.S. fossil fuel subsidies faces big challenges

President-elect Joe Biden's promise to end U.S. fossil fuel subsidies worth billions of dollars a year for drillers and miners could be hard to keep due to resistance from lawmakers in a narrowly divided Congress, including from within his own party.
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