He recalled that there are nine major ocean lines (transport companies) that transport goods from Asia to the United States and have formed three consortiums.
“These companies have raised their prices by 1000%.
So I urged Congress to put an end to this.
These are foreign, foreign-owned, shipping companies that have inflated prices and collected a profit of $190 billion, ”RIA Novosti quotes him.
According to Biden, this is a sevenfold increase in a year.
Earlier it became known that annual inflation in the United States accelerated to 8.6% in May, the highest since December 1981.
It is noted that in May, the prices of basic necessities continued to rise at a double-digit pace.