Trump Defeats United Nations Carbon Tax on Global Shipping

Nations at a meeting of the UN's International Maritime Organization voted to delay by one year a decision on a global tax on carbon emissions from shipping. The U.S. campaigned against the measure, with President Donald Trump and other officials arguing it was an "untenable global carbon tax" that would harm the U.S. economy. The delay, a major win for Trump, was backed by 57 countries, including the U.S., Saudi Arabia, Iran, and Russia, while European nations and the UK, which had supported the regulations, were on the losing side of the vote.

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