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Wed 12 Dec 2009US emissions cut could reduce Chinese, Indian imports - World Bank
US LEGISLATION to cut greenhouse gas emissions contains a provision that may reduce imports of Chinese goods by one-fifth, a World Bank study said. The provision, included in the measure passed by the US in June, would tax imports from countries that don’t enact curbs on carbon-dioxide emissions.
Senator Sherrod Brown of Ohio and representative Sander Levin of Michigan, both Democrats, say any legislation in the US to limit pollutants must include the so-called “border measures” to tax imports. “People haven’t thought through the full implications of those measures,” Aaditya Mattoo, a World Bank economist and one of the paper’s authors said.
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