GOP, Dems urge Biden admin to defend US businesses from Europe's eco regulations: 'Higher prices'

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GOP, Dems urge Biden admin to defend US businesses from Europe's eco regulations: 'Higher prices'
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FIRST ON FOX: The Biden administration is facing pressure from House Republicans and Democrats alike to defend U.S. businesses from burdensome European climate regulations.

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"The United States has a strong foundation in sustainable forest management and supports international efforts to address deforestation," they continued."However, without recognition of different regional factors that drive deforestation, the EU’s regulation imposes impractical requirements that would unnecessarily restrict trade for products from low-risk countries that have responsibly managed supply chains, such as the United States.

Under the rules, companies that export a wide variety of products — including palm oil, cattle, soy, coffee, cocoa, timber, rubber, beef, furniture and chocolate — will be forced to conduct"strict due diligence"According to the letter last week, the U.S. paper and pulp industry, which produces everything from baby diapers and feminine hygiene products to boxes and packaging, would be greatly impacted by the rules.

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