Biden Exploring Border Adjustment Tax to Fight Climate Change

President Joe Biden is exploring the idea of a border adjustment tax that would slap a levy on imports from countries with weaker climate policies, John Kerry, the White House’s special envoy for climate said Friday.

“President Biden, I know, is particularly interested in evaluating the border adjustment mechanism,” Kerry said in an interview on Bloomberg Television. “He wants to look at that and see whether that’s something that we need to deploy.”

WATCH: John Kerry, the White House’s special envoy for climate, says President Joe Biden is exploring the idea of a border adjustment tax.

(Source: Bloomberg)

The idea has been gaining interest from world leaders as a way to shield domestic workers making energy-intensive goods while encouraging other countries ...