The grant funding will be given to applicants on a competitive basis and was made available through President Joe Biden’s Bipartisan Infrastructure Law to increase the flow of goods and expand capacity at ports.
“We’re proud to announce this funding to help ports improve their infrastructure — to get goods moving more efficiently and help keep costs under control for American families,” Buttigieg said in a release by the department.
WATCH: BILL MAHER GUEST: MAGA IS "ANTI-INTELLECTUALISM"
The investment nearly doubles last year’s Port Infrastructure Development Program investments for states and port authorities.
White House Senior Adviser Mitch Landrieu said in a tweet that the investments would provide funding for ports to “make upgrades, from constructing new berths to restoring docks to extending rail lines.”
WATCH: RFK JR. TALKS ABOUT ELON RELEASING TWITTER FILES REVEALING COLLUSION
The department called on applicants to bring proposals forward that would “reduce emissions” and advance “environmental justice” while enhancing the supply chain.
THE DISTURBING SECRETS OF 'GOD'S MISFITS' UNCOVERED IN OKLAHOMA DOUBLE HOMICIDE CASE
The funding aims to help reduce inflation, which has escalated in recent months, compounded by the COVID-19 pandemic.
POLITICAL CORRUPTION TRIAL TAKES BIZARRE TURN: MENENDEZ ENLISTS EXPERT LINKED TO CHILD MURDER CASE
Consumer prices rose 7.5% in the past 12 months ending in January, according to the Bureau of Labor Statistics report. The escalation is the quickest pace of inflation since 1982.
In January 2020, after nearly two years of a tariff-laden trade war, then-President Donald Trump announced an agreement with China. Trump described the deal as “historical” and “momentous.”
CALIFORNIA'S NEW 'GENEALOGY OFFICE' TO HAND OUT CHECKS BASED ON DNA RESULTS
“It just doesn’t get any better than this,” Trump said as he signed the Phase One agreement, which included a commitment from China to spend an extra $200 billion in the U.S. over two years.
Those two years have passed, and the numbers are in: China did not purchase any of the additional goods and services it had committed to under the agreement.
POLITICAL GENIUS OR DESPERATE MOVE? EX-REP. SANTOS REVEALS MASTER PLAN
“Today, the only undisputed ‘historical’ aspect of that agreement is its failure,” Chad Bown of the Peterson Institute for International Economics wrote earlier this month.
WATCH: SOROS STRIKES AGAIN WITH SNEAKY SCHEME TO WIN OVER WHITE SUBURBAN MOMS
“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” Trump tweeted on March 2, 2018. “When we are down $100 billion with a certain country and they get cute, don’t trade anymore – we win big. It’s easy!”
POPCORN READY? DERSHOWITZ THROWS SHADE AT TRUMP TRIAL WITH EPIC CLAPBACKS
The U.S. finally slapped tariffs on hundreds of billions of dollars worth of Chinese goods coming into the country. China, as expected, responded with tariffs of its own. As a result, the trade imbalance exploded in 2018, reaching its highest point ever at more than $418.2 billion.
Discover alternative ideas that will make you think
Engage in mind bending debate
Earn points, rise in rank, have fun
