President Trump is pushing back against the possibility of an international tax on shipping. The International Maritime Organization held a meeting this week in London to consider the prospect of a global carbon tax, which would aim to curtail the fossil fuel emissions produced by international shipping. The Trump administration has strongly rejected the prospect of such a tax.
In a Truth Social post on Thursday, Trump made it clear that the United States would stand against the imposition of such a tax.
“I am outraged that the International Maritime Organization is voting in London this week to pass a global Carbon Tax,” President Trump said. “The United States will NOT stand for this Global Green New Scam Tax on Shipping, and will not adhere to it in any way, shape, or form.”
The proposed deal would be the first to impose a global tax on carbon emissions. The stated goal of the plan is to adopt a “net-zero” framework, which would work towards curbing greenhouse gas emissions from shipping fuel over time. The plan operates by imposing credits on international shipping, with ships that produce lower emissions earning “surplus units,” while ships that produce higher emissions would be required to purchase credits to maintain compliance with IMO standards.
If the plan is approved, the carbon tax would go into effect in 2027. The IMO projections estimate the tax could produce between $11 and $13 billion per year.
President Trump has consistently criticized the global climate agenda and emphasized the need to strengthen domestic energy production. He unequivocally slammed the possible tax, saying it would ultimately harm American consumers. He called on other nations to join the United States in rejecting the tax.
“We will not tolerate increased prices on American Consumers OR, the creation of a Green New Scam Bureaucracy to spend YOUR money on their Green dreams,” Trump said. “Stand with the United States, and vote NO in London tomorrow!”