U.S. Cap-and-Trade Legislation Could Potentially Ignite Global Trade War!

I do not agree with the cap-and-trade legislation that our Congress is fast-tracking to approval., because I believe it will further bankrupt our country. Currently, the legislation has hit a bump in the Senate, because many Senators want to impose tariffs against countries that have "dirty imports." Based on the world's current globalization system, these types of tariffs may spark a global trade war!

CLIMATE POLICY and trade policy are on a collision course. Last week, 10 Democratic senators sent a letter to President Obama demanding that cap-and-trade legislation include tariffs against dirty imports. Precisely such tariffs, aimed at countries that are not doing enough to cut their greenhouse gas emissions, were part of the climate legislation recently passed in the House. Proponents argue that the tariffs are needed to prevent the loss of US jobs and the shift of emissions-generating activities to other countries. Free trade advocates are horrified at the prospect, which they worry could violate global trade rules and spark an economic war.

Source: The Boston Globe