> Given the soaring cost of carbon in the EU, I think it won't be long before the EU heavily tariff's anyone trading with it without a similar policy This. We

> Given the soaring cost of carbon in the EU, I think it won't be long before the EU heavily tariff's anyone trading with it without a similar policy This. We should be doing this already. The reason so many goods are made in East Asia, and then shipped to the EU, is because it's cheaper. The reason that it is cheaper is because there are costs for manufacturing in the EU that are not there in China. Those reduced costs frequently come down to: -- Weaker protections for the environment (i.e. polluting is cheaper than not) -- Reduced cost of labour (i.e. workers are not paid the same for doing the same job, and may be downright exploited or coerced into working -- c.f. Foxconn's scandals) -- Economies of scale. I would argue that this is a consequence of the other two.