From China to India, exporters brace for Biden carbon policy

Green tariffs raise prospect of new trade tensions but also offer opportunities

20201029 china aluminum

An aluminum factory in the Chinese province of Shandong: Research by Morgan Stanley suggested a hypothetical tax of $40 per ton of emissions could make buying aluminum from Britain cheaper than China. © Getty Images

KATERINA ANG, Contributing writer

SINGAPORE -- As the U.S. presidential campaign enters its final stretch with Joe Biden holding a steady lead in the polls, Asian governments are gearing up for changes in American foreign policy. And if the former vice president is elected, trade negotiators will be paying much more attention to Washington's environmental agenda.

Biden's campaign has placed an unprecedented emphasis on combating climate change. His plans include reversing incumbent President Donald Trump's decision to quit the Paris Agreement, ending federal subsidies for oil producers and -- crucially for U.S. trading partners -- introducing a border carbon adjustment mechanism.

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