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Inflation Another Reason to Rethink Buy American Protectionism

Government data released last week placed inflation at 8.5 percent over the previous 12 months—the largest such increase since December 1981—with fresh reports noting particularly pronounced price hikes for building materials and supplies. Oddly, the Biden administration decided this was an opportune time to double down on its support for protectionist “Buy American” policies that limit the federal government’s ability to purchase cheaper imported goods when spending taxpayer dollars�...
United States White House District Of Columbia Lawrence Summers Peterson Institute For International Economics Thursday President Biden

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