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Biden signs a law to decongest US ports

June 16, 2022
in World
Biden signs a law to decongest US ports
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The president of the United States, Joe Biden, signed a law on Thursday that aims to help decongest the country’s freight ports, whose logistics activity has been halfway through months due to the effects of the covid-19 pandemic.

“The law will end the actions of the merchandise companies that have been taking advantage of American families, farmers, ranchers and businesses,” Biden said at a White House ceremony attended by several members of Congress.

The law that Biden signed prohibits transport companies whose ships are in US ports rejecting US customers “without sufficient reason” who want to export their products, for example, to Asia, and regulates the rates that can be applied to them.

This measure responds to complaints from US manufacturers and farmers, according to whom one of the main reasons why their products accumulate in ports without being loaded onto ships and exported is because shipping companies prefer to return their ships empty to Asian ports.

Biden applauded the support of Democrats and Republicans in Congress for the law and assured that it will serve to lower transportation costs for US producers.

“The bill will drive down prices and give Americans a little more breathing room,” Biden promised.

Last Friday it became known that inflation in the United States shot up in May to its highest rate in the last 40 years, 8.6%, a new escalation in consumer prices, driven above all by the sharp increase in energy prices. .

Just one day later, on Saturday, the price of a gallon of gasoline (3.78 liters) at gas stations in the country reached 5 dollars, a figure never before recorded.

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