Commerce Secretary Gina Raimondo sees ‘clear enhancements’ occurring at busy U.S. ports

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Commerce Secretary Gina Raimondo sees 'clear improvements' happening at congested U.S. ports

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Commerce Secretary Gina Raimondo informed CNBC’s Jim Cramer on Monday she thinks “clear improvements” are being made at busy U.S. ports.

The remarks, made in an interview on “Mad Money,” come as the White House has actually ratcheted up efforts in current weeks to deal with the supply chain traffic jams that developed throughout the Covid pandemic and now are weighing on the economy in your home and throughout the world.

“Supply chains are global. They’re complex, so we have to be working on every aspect of it. I would say we see clear improvements in the ports,” Raimondo stated, indicating the Biden administration-backed effort to run operations 24/ 7 at the twin ports of Los Angeles and Long Beach inCalifornia

“Not overnight, but the move to 24/7 was a help. You’re now seeing some ports are charging a fee per … containers left for too long. We’re focused on the empty containers that are sitting and not being quickly enough recycled,” she stated.

Raimondo, who acted as the Democratic guv of Rhode Island prior to leading the Commerce Department, informed Cramer the administration is doing “everything in our power” to assist “push through this logjam” in combination with business neighborhood.

“Fundamentally, the private sector has to solve this, and we’re working in partnership with them,” she stated, prior to including: “We’re seeing progress.”

One day previously, President Joe Biden held a conference throughout the yearly event of G-20 leaders that concentrated on supply-chain obstacles. According to a White House readout of the top, Biden, the European Union and leaders from 14 other nations accepted “cultivate higher worldwide cooperation on near-term supply-chain disturbances.

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