Czech physicist and blogger, Reference Frame:

The proponents of the carbon regulation in the U.S. not only want to introduce a suicidal carbon tax. They also want to impose new tariffs on all nations who will fail to introduce the same suicidal carbon tax on their own territory.

In other words, they plan a global trade war against all skeptical nations. Cute.

Let me tell you who loses in such a trade war. Well, the answer is surprisingly that both sides lose. Trade is good for both sides, the seller and the buyer: that’s why they agree to do the transaction. It follows that a trade war is bad for both sides: the seller (mostly China) and the buyer (mostly America).

However, there is still a sense in which the U.S. will lose more if this insanity is adopted: China and others will still be able to do business with others, circumventing the U.S. trading partners. On the other hand, the U.S. is willing to enter a trade war with the whole sensible world that doesn’t adopt the measures.