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Sarkozy For 'Carbon Tax' On US Imports To Europe

by Ulrika Lomas, Tax-News.com, Brussels

16 November 2016


French presidential hopeful Nicolas Sarkozy has suggested that the European Union should levy a tax on imports from the United States if Washington fails to tackle America's greenhouse gas emissions.

Sarkozy suggested in several recent interviews that the EU should impose a tax of one to three percent on US imports if president-elect Donald Trump reneges on America's commitments to cut emissions under the 2015 Paris climate accord, as he suggested he would do during the presidential campaign.

Sarkozy argued that such a tax would level the playing field for European firms subject to higher costs through carbon pricing and taxes.

Sarkozy served as French President from May 2007 and May 2012, and is a leading contender in the upcoming presidential election due to take place in 2017.

TAGS: Morocco | environment | tax | European Commission | carbon tax | France | Germany | United States | Europe

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