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Biden Exploring Border Adjustment Tax to Fight Climate Change

  • Kerry says Biden ‘particularly interested in evaluating’ levy
  • World leaders interested in idea to encourage emissions cuts
President Joe Biden speaks while John Kerry, U.S special presidential envoy for climate, right, listens during the virtual Leaders Summit at the White House on April 23. 

President Joe Biden speaks while John Kerry, U.S special presidential envoy for climate, right, listens during the virtual Leaders Summit at the White House on April 23. 

Photographer: Anna Moneymaker/The New York Times/Bloomberg

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.”