Regulation

Biden attempts to curb inflation with law aimed at cutting shipping rates

Thursday, US President Joe Biden signed a new law aiming to target high freight prices in attempt to curb inflation in the US economy.
Photo: Jim Watson/AFP/Ritzau Scanpix
Photo: Jim Watson/AFP/Ritzau Scanpix
By Augusta Saraiva, Josh Wingrove and Jennifer Jacobs, bloomberg news

President Joe Biden signed legislation on Thursday aimed at cutting overseas shipping prices, calling the new law another move by his administration to curb stubborn inflation.

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