Biden to Sign Ocean Shipping Bill Into Law Amid Inflation Fight
- President will hold signing ceremony for shipping legislation
- Ocean carriers had estimated profits of $150 billion in 2021
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President Joe Biden on Thursday will sign a bipartisan bill aimed at driving down costs of shipping goods overseas, a measure his administration has touted as a weapon in its fight against historic inflation.
Biden plans to hold a White House signing ceremony with lawmakers and executives, including Tractor Supply Company CEO Hal Lawton, Jo-Ann Stores CEO Wade Miquelon and Zippy Duval, President of the American Farm Bureau Federation, according to a White House official.