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The Washington, DC meeting with trade officials, with Biden’s remarks, seeks to reassure Americans concerned about the growing coronavirus epidemic and its economic impact. Research shows that the majority of voters believe that the country is heading in the wrong direction.
President Joe Biden has said his leadership has taken action to address the U.S. trade deficit, when he met on Monday with senior business leaders including Walmart Inc. who assured him that he was well-equipped during the holiday season.
The conference, as well as Biden’s remarks, sought to reassure Americans that they were concerned about the growing epidemic and the economic downturn. Votes show that the majority of voters believe that the country is heading in the wrong direction, despite declining unemployment and economic growth under Biden.
“We have seen progress” in addressing the port problems, Biden told business leaders gathered at the Eisenhower Executive Office Building. He said negotiations with their leadership with the port companies and operating agencies had helped reduce the number of containers staying in the ports for eight days or more, by 40%.
He said: “We just keep on doing this.
U.S. exports are contributing to a sharp rise in consumer prices this year. The White House said in a blog post on Monday that exports had risen 16% year-on-year compared to the country, in 2018, but that stocks in grocery stores were at the same level as before the epidemic.
Port Change
The blog site also saw another change in operations in the ports of Los Angeles and Long Beach, California, which are the busiest in the country. The companies that use the port pay a fee for night and weekend freight, rather than for a longer period of time, with one of the world’s largest shipping companies offering $ 200 per container to encourage shippers to help clear the ports’ return their goods promptly.
Biden’s share with retailers came after the start of the holiday shopping season over the weekend. The conference also included officials from businesses that sell electronics, toys, clothing and other items that are common gifts.
Officials at Best Buy, Food Lion, Samsung North America, Qurate Retail Group, Todos Supermarket, Etsy, Mattel and Kroger were to attend, with Walmart CEO Doug McMillon and CVS CEO Karen Lynch in attendance.
“I want to hear from each of you what you see on this holiday,” Biden told them. How do you plan to have the things you want on your shelves? This is how you create and hire to overcome the hassle of buying and protecting employees at Covid-19 so that Americans can have the long-awaited vacation. ”
Small Businesses
Biden added that he was particularly interested in how small businesses handle retail issues and “how the government can continue to work with all of you to keep a shelf for American consumers to get what they want.”
McMillon told Biden that “while we are all involved in marketing, we have more tools than we did last year and we have what we need to support the business.”
He said the delays in ports and operations were “going well.”
“There are a number of things – such as every year with the hottest toys or electronic devices – that we wish we had more, but often we are better off,” he said.
With his well-known reputation, Biden has been working to show compassion and action in dealing with trade deficits, as well as rising prices and the impact it has on American stocks as the US enters its holiday season.
The US Consumer Price Index, a study on inflation, has risen 6.2% last month since October 2020, the fastest moving average in the year since 1990. and its fiscal plans.
Biden stopped talking about the financial and financial crisis that was set for Monday afternoon to ensure he had enough time with sales CEOs, a White House official said. He will speak Wednesday instead.
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