Container ships are loaded at a container terminal in the harbor in Hamburg, Germany, March 29, 2021.
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REUTERS/Fabian
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Gary Clyde Hufbauer (PIIE)

The United States, Europe, and China have committed to raising penalties for carbon emissions to encourage decarbonization, but differences in their approaches are causing trade confrontations that could intensify if competing interests are not reconciled.

The Peterson Institute for International Economics building is closed to staff and visitors until further notice. PIIE personnel are working remotely, with access to telephone messages.

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REUTERS/Fabian

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