There would be cascading consequences for Australia if the US follows Europe’s lead and introduces a carbon tax on imports, a climate industry association says, which may disrupt major trading corridors with Asia.
There are fears Australia’s lage Asian trading partners, if hit by carbon border taxes, may demand discounts on imported goods to offset the higher cost of trade. AP
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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
