LAMBRO: Obama proposals cap growth

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“If other countries don’t impose a cost on carbon, then we will be at a disadvantage … [and] we would look at considering perhaps duties that would offset that cost,” Mr. Chu testified.

That provoked an immediate counterthreat from Li Gao, a top Chinese trade official, who told the Dow Jones news service that a carbon tariff would be a “disaster” that would lead to a trade war.

Mr. Obama already appears to have precipitated a trade war with Mexico, which announced it is raising tariffs on $2.4 billion of our exports to their country in retaliation for the administration’s latest restrictions on Mexican trucking access to U.S. roads.

“Taken together, these provisions (in the cap-and-trade bill) represent the first shot in what is likely to prove a disastrous carbon trade war,” CEI’s Mr. Murray said.

Meanwhile, if the Johanns amendment survives in the budget resolution, which must be reconciled with the House version, cap-and-trade is all but dead in the Senate. Stay tuned.

Donald Lambro, chief political correspondent of The Washington Times, is a nationally syndicated columnist.

About the Author
Donald Lambro

Donald Lambro

Donald Lambro is the chief political correspondent for The Washington Times, the author of five books and a nationally syndicated columnist. His twice-weekly United Feature Syndicate column appears in newspapers across the country, including The Washington Times. He received the Warren Brookes Award For Excellence In Journalism in 1995 and in that same year was the host and co-writer of ...

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