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US elections 2020

From China to India, exporters brace for Biden carbon policy

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

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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