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Trump administration expected to say greenhouse gases aren't harmful

Trump administration expected to say greenhouse gases aren't harmful

Time of India5 days ago
President Trump's administration is poised to reverse the EPA's Endangerment Finding, a critical scientific basis for US climate regulations. This move, part of Project 2025, argues that the economic costs of climate regulation are too high and downplays the impact of US vehicle emissions.
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President Donald Trump's administration is preparing to upend a foundational scientific determination about the harms of greenhouse gases that underpins the US government's ability to curb climate change.A proposal from the Environmental Protection Agency (EPA) to change the so-called " Endangerment Finding " was sent to the White House on June 30, a spokesperson told AFP.An announcement is expected imminently. Here's what to know -- and what's at stake if the finding is overturned.The Clean Air Act of 1970 empowered the EPA to regulate "air pollution which may reasonably be anticipated to endanger public health or welfare."For decades, the law applied to pollutants like lead, ozone and soot.But as climate science around the dangers of heat-trapping greenhouse gases advanced in the 2000s, a coalition of states and nonprofit groups petitioned the EPA to include them under the law, focusing on motor vehicles.The issue reached the Supreme Court, which in 2007 ruled that greenhouse gases qualify as air pollutants and directed the EPA to revisit its stance.That led to the 2009 Endangerment Finding, which declared greenhouse gases a threat to public health and welfare , based on overwhelming scientific consensus and peer-reviewed research."That 2009 finding formed the basis for all of EPA's subsequent regulations," Meredith Hankins, a senior attorney on climate and energy for the activist Natural Resources Defense Council, told AFP."They've issued greenhouse gas standards for tailpipe emissions from motor vehicles, smokestack emissions from power plants -- all of these individual rulemakings trace themselves back to the 2009 Endangerment Finding."The Endangerment Finding has withstood multiple legal challenges, and although Trump's first administration considered reversing it, they ultimately held back.But the finding is now a direct target of Project 2025 , a far-right governance blueprint closely followed by the administration.In March, the EPA under Administrator Lee Zeldin announced a formal reconsideration of the finding."The Trump Administration will not sacrifice national prosperity, energy security, and the freedom of our people for an agenda that throttles our industries, our mobility, and our consumer choice while benefiting adversaries overseas," he said.The government is expected to undo the earlier finding that greenhouse gases endanger public welfare.It will argue that the economic costs of regulation have been undervalued -- and downplay the role of US motor vehicle emissions in climate change.In fact, transportation is the largest source of US greenhouse gas emissions."If vehicle emissions don't pass muster as a contribution to climate change, it's hard to imagine what would," Dena Adler of the Institute for Policy Integrity at New York University told AFP."It's fatalistic to avoid taking the many actions that could cumulatively fix climate change, because none of them can individually solve the entire problem."Since 1970, the United States has emitted more vehicle-based greenhouse gases than the next nine countries combined, according to an analysis by the Institute for Policy Integrity that will soon be published in full.In March, the EPA said it would lean on recent court rulings, including a landmark 2024 decision that narrowed federal regulatory power.Still, legal experts say the administration faces an uphill battle."It will take a few years for the rule to be finalized and wind its way up to the Supreme Court for review," said Adler."If EPA loses before the Supreme Court, it gets sent back, and EPA then gets it back to the drawing board" -- by which time Trump's term may be nearing its end.To succeed, the high court may need to overturn its own 2007 decision that led to the Endangerment Finding.None of the justices who wrote the majority opinion remain on the bench, while three dissenters -- John Roberts, Clarence Thomas, and Samuel Alito -- still serve, and could spearhead a drive to upend the original ruling.Even then, market forces may blunt the impact of any rollback."Utilities making long-term investments and companies purchasing capital goods expected to be used for decades won't base those decisions on short-term policy changes," said John Tobin-de la Puente, a professor at Cornell University's business school.That's especially true when those swings run counter to business trends and could be undone by a future administration, he added.
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Trump hits India with 25% tariff plus a Russia penalty
Trump hits India with 25% tariff plus a Russia penalty

Indian Express

time13 minutes ago

  • Indian Express

Trump hits India with 25% tariff plus a Russia penalty

Even as India and the US negotiate a trade agreement, President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods from August 1, with an additional but unspecified 'penalty' for its defence and energy imports from Russia. In a post on social media platform Truth Social, Trump said India has 'the most strenuous and obnoxious non-monetary Trade Barriers of any Country'. India's Commerce and Industry Ministry said the government had taken note of Trump's statement and is 'studying its implications'. 'India and the US have been engaged in negotiations on concluding a fair, balanced and mutually beneficial bilateral trade agreement over the last few months. We remain committed to that objective. The government attaches the utmost importance to protecting and promoting the welfare of our farmers, entrepreneurs, and MSMEs,' the ministry said in a statement. 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The announcement of the 25 per cent tariff plus a 'penalty' comes ahead of the visit of US officials to India later next month on August 25 for the next round of negotiations over the proposed bilateral trade agreement. The fifth round of talks between India and US were concluded last week in Washington. Trump's decision to announce the tariff and penalty on Indian goods comes two days before his August 1 deadline, when the reciprocal tariffs announced on several countries will come into effect. The decision to announce the 25 per cent tariff is being seen as a way to pressure India into agreeing to the demands made by the US. White House economic adviser Kevin Hassett was reported to have said on Wednesday that Trump has been frustrated with how the trade deal negotiations with India have gone and 'believes his 25 per cent tariff announcement will help the situation,' news agency Reuters reported. At 25 per cent, the tariff on India is just below the 26 per cent reciprocal rate Trump had announced in early April. However, it is higher than the levels agreed between the US and Asian countries such as Vietnam (20 per cent) and Indonesia (19 per cent). In his post on Truth Social, the US President also said that India would face a 'penalty' in addition to the 25 per cent tariff because of its imports of Russian energy items and defence equipment. The proposed 'penalty' for the import of Russian goods marks the first use of secondary tariffs by the US. 'Also, they have always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST,' Trump said in his post. 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Maybe they'll sell to India: Trump strikes trade deal, oil partnership with Pak
Maybe they'll sell to India: Trump strikes trade deal, oil partnership with Pak

India Today

timean hour ago

  • India Today

Maybe they'll sell to India: Trump strikes trade deal, oil partnership with Pak

Hours after imposing a 25% tariff along with additional penalties on Indian imports, US President Donald Trump said on Wednesday that the United States has struck a new trade agreement with Pakistan to jointly develop the country's vast oil reserves -- a move he says could eventually lead to Pakistan exporting oil to New Delhi.'We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,' Trump said in a bold statement. 'Who knows, maybe they'll be selling Oil to India some day!'advertisementThis comes after Trump's declaration of a 25% tariff and extra penalties on goods imported from India, set to take effect on August 1. He pointed to India's persistent oil trade with Russia and existing trade restrictions as major factors behind the decision. The president shared on Truth Social that it had been a 'very busy' day in the White House, largely focused on trade negotiations. 'I have spoken to the Leaders of many Countries, all of whom want to make the United States 'extremely happy,'' he said. 'All of this will help reduce our Trade Deficit in a very major way.' Trump added that the administration is currently selecting an oil company to lead the US-Pakistan energy partnership. He did not name specific firms or provide a timeline for project week, Pakistani Foreign Minister Ishaq Dar said the United States and Pakistan were "very close" to a trade deal that could come within days, after he met with Secretary of State Marco Rubio on Friday. The US State Department and Pakistan's foreign ministry, in separate statements after Rubio's meeting with Dar, said last week the two top diplomats stressed in their discussion the importance of expanding trade and ties in critical minerals and TO MEET SOUTH KOREAN DELEGATIONIn a separate development, Trump said he is preparing to meet with a South Korean trade delegation to discuss tariff reductions. 'South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs,' he noted. 'I will be interested in hearing what that offer is.'The president hinted that several other countries are also offering tariff deals, part of what he characterised as a broader effort to correct America's trade imbalance.'A full report will be released at the appropriate time,' Trump concluded. 'Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!'- EndsWith inputs from ReutersTune InMust Watch

Trouble Brewing: Why a Brazilian Tariff May Cause Coffee Prices to Soar
Trouble Brewing: Why a Brazilian Tariff May Cause Coffee Prices to Soar

Hindustan Times

timean hour ago

  • Hindustan Times

Trouble Brewing: Why a Brazilian Tariff May Cause Coffee Prices to Soar

President Trump's proposed 50% tariff on Brazilian goods is likely to lift the price of the preferred coffee for most U.S. consumers. Brazilian arabica beans are the source for roughly 35% to 40% of the coffee consumed in the U.S. and a pending levy on imports starting Aug. 1 would increase the price of coffee in cafes and grocery stores alike. Brazil is by far the leading producer of coffee worldwide, and is expected to produce a total of 65 million bags of beans in the 2025-2026 marketing year—more than double of the next-largest producer Vietnam—the Department of Agriculture estimates. In fact, at over 40 million bags, Brazil produces more arabica coffee than the next five leading producers in the world combined. This includes countries like Colombia and Honduras, where U.S. coffeemakers already buy a large portion of their output. 'We don't have an easy ability to replace Brazilian coffee,' said James Watson, senior beverage analyst with Rabobank. 'For the most part, most of what you drink is all arabica.' Vietnam is the next leading coffee producer in the world, but produces virtually no arabica coffee. The country is forecast to produce 30 million bags of robusta coffee in 2025-2026, robusta being a cheaper type of coffee that is more commonly used in instant coffees. A number of brands sold in grocery stores are made using a mix of both arabica and robusta. The ability of U.S. roasters—some owned by companies like JM Smucker and Kraft Heinz—to switch out Brazilian coffee for a different exporter is limited. Domestic production is small, with the U.S. importing 99% of its coffee needs through 2024. Hawaii, California and Puerto Rico are the only U.S. territories that produce any amount of coffee. That leaves coffee roasters with few options. Companies may look to alter their recipes for the blends they produce, or simply swallow higher prices coming from tariffs. Last month, JM Smucker—whose brands include Folgers, Dunkin', and Cafe Bustelo—said that it raised prices for its coffee in May, and will do so again in August. That call was held before the tariff on Brazil was announced by Trump. Those in the coffee supply chain are tentative about doing business without knowing for sure if the 50% tariff will be implemented. Traders have rushed to bring more coffee into the U.S. ahead of a tariff, directing it away from other countries, Citi Research said in a note. 'The real effect you're seeing is that supply chains are locking up,' said Tomas Araujo, a trading associate with StoneX Group. In a post on Truth Social on Wednesday, Trump touted the August 1 deadline for tariffs as being 'strong' and not to be extended. Coffee futures trading on the Intercontinental Exchange had been on a downturn in recent months, coming off of a record high of $4.29 a pound hit in February. Coffee futures were among the top-gaining commodities in 2024, because of drought hitting Brazilian crops. But the weather has since improved, sending the futures contract down 35%. Prices started to rise again earlier in July as coffee started the new marketing year on the first of the month. If the 50% tariff on Brazil is implemented—which companies and traders are not convinced will happen, said Watson—then importers are expected to charge buyers more to ship the coffee, which in turn domestic roasters may pass on to consumers. But without tariffs, prices of coffee futures would otherwise be expected to slide. Coffee crops in Brazil have been receiving more rainfall, which is in turn boosting production estimates for the 2025-2026 marketing year, according to the USDA data. Retail prices for coffee run roughly six months behind the changes in futures prices. So consumers are still feeling the impact of futures rising to all-time highs earlier this year. Year-to-date, the average retail price for a cup of coffee in U.S. cities has risen 9% in 2025, according to the U.S. Bureau of Labor Statistics. Retailers were hoping to pay less for coffee as futures prices slid, said Watson. But if tariffs do come into play, then both futures and retail prices will likely see no respite. 'It takes a while from that decrease to come to the market,' said Watson. Write to Kirk Maltais at

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