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New U.S. Tariffs Are Contributing to the Shipping Crisis, and There’s Little We Can Do About It

Scott Lincicome and Alfredo Carrillo Obregon | Cato Institute | 08/26/2021

According to numerous reports, skyrocketing global shipping prices and related transportation bottlenecks are hindering the U.S. economic recovery. Indeed, this “shipping crisis” is one of the summer’s most‐​covered financial phenomena. Yet barely mentioned outside…

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