Pingie: HTTP:: The US Risk a 039 Green Trade War 039 Industry Warns

HTTP:: The US Risk a 039 Green Trade War 039 Industry Warns
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A “green trade war” between the United States and some of its key economic partners could become an imminent possibility, a leading group of industrialists told the Congress in a recent letter. The confrontation could be triggered by the fact that the new climate bill, which is scheduled to go into voting soon, holds provisions that would allow the state to impose higher tariffs on energy-intensive goods imported from other countries. That is to say, goods from the steel, glass, paper and cement industries could become a lot more expensive when imported, if the companies or countries manufacturing them release large amounts of greenhouse gases in the process. The over-taxation of these products would create unfair competition, some analysts believe, especially in the eyes of the World Trade Organization (WTO), from which the group expects retaliation if the laws will go into effect. The same type of measures will most likely be taken against the state of California, wh!
ich barred the import of oil extracted from polluting sources, such as tar sands. Canadian companies threatened they would involve the WTO in the matter, claiming that the measures discriminated against them, their prices and their products. “We urge the Senate to refrain from including provisions that could negativ...
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http://news.softpedia.com/news/The-US-Risk-a-039-Green-Trade-War-039-Industry-Warns-117396.shtml