Canada, trade and the U.S. climate bills

The big climate bill approved by the House allows these tariffs, starting in 2020, to be levied on certain goods from countries that don't also require major emissions cuts. They’re among the provisions to protect U.S. jobs and prevent carbon “leakage.” Inclusion of similar measures in the Senate bill is a top priority for labor and Rust Belt lawmakers.

The new paper states that while the border measures are mostly aimed at emerging economies like Brazil, China and India, “Canada could be hard hit if its national GHG control system is seen to be less demanding than the U.S. program.” Canadian industries that could be affected include paper, petrochemicals, and iron and steel, it states.

A copy of the paper can be found at The Conference Board of Canada site, but a free registration is required.