Rep. Ro Khanna told Fox News that the China competition bill Congress is working on could address supply chain issues causing inflation.
The effort is more than a year in the making, but may be more important than ever, according to Rep. Ro Khanna, D-Calif., who said it could help address the root causes of inflation.
On Tuesday it was announced that inflation in the U.S. hit a 40-year high with the consumer price index rising 8.5% in March from a year ago. The increase was partially driven by the Russian war on Ukraine but also supply chain issues that have been dragging on the economy for months. Chinese President Xi Jinping attends an event commemorating the 110th anniversary of Xinhai Revolution at the Great Hall of the People in Beijing on Oct. 9, 2021. Congress is considering a bill aimed at boosting U.S. industry in its competition with
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