January 31, 2007

THEY'RE BOUND BY TRADE TREATIES, WE AREN'T BY KYOTO:

Chirac tells U.S. to join climate protocol or face taxes (Katrin Bennhold, January 31, 2007, International Herald Tribune)

[I]n an interview, Chirac warned that if Washington did not join a global climate accord, a Europewide carbon tax on imports from nations that have not signed the Kyoto Protocol could be imposed to try to force U.S. compliance. The European Union is the largest export market for U.S. goods.

"A carbon tax is inevitable," Chirac said. "If it is European, and I believe it will be European, then it will all the same have a certain influence because it means that all the countries that do not accept the minimum obligations will be obliged to pay."


Posted by Orrin Judd at January 31, 2007 9:18 PM
Comments

In any trade war, Europe will blink long before the US.

Posted by: ratbert at January 31, 2007 9:33 PM

It's Europe, folks, long on bluster and short on action. Except when it comes to killing each other.

Posted by: sam at January 31, 2007 9:47 PM

Smoot-Hawley-Chirac. Next he'll be invoking Herbert Hoover's ghost.

Posted by: Raoul Ortega at January 31, 2007 10:49 PM
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