Major nations agree on first-ever global fee on greenhouse gases with plan that targets shipping

Many of the world’s largest shipping nations decided on Friday to impose a minimum fee of $100 for every ton of greenhouse gases emitted by ships above certain thresholds, in what is effectively the first global tax on greenhouse gas emissions. The revenue, estimated at around $10 billion annually, will go into the International Maritime…

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China raises tariffs on US goods to 84% as trade rift worsens

China retaliated against new tariffs imposed by President Donald Trump by announcing it would raise duties on U.S. goods, roiling markets and deepening a trade war between the world’s largest economies. The Chinese government will impose an 84% tariff on all imports from the U.S. starting April 10, the Finance Ministry said in a statement Wednesday. China’s move came hours after America’s steepest tariff in…

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