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"White House and Capitol Hill Clash Over Military Use in Red Sea, Threatening Economy"
international-relations-trade-military6.7 min read

"White House and Capitol Hill Clash Over Military Use in Red Sea, Threatening Economy"

The divide between the White House and Congress over the use of military in the Houthi conflict in the Red Sea is raising concerns about the impact on the economy, as the majority of U.S. trade is carried by foreign-flagged vessels. Congressional leaders are questioning the prioritization of U.S.-flagged ships in the face of Houthi attacks, while defense officials emphasize the importance of protecting all shipping, including foreign vessels, in upholding freedom of navigation. The economic interdependence of the U.S. with the global economy is highlighted, as shipping companies consider avoiding the Red Sea due to ongoing attacks.

1 year ago•Source: CNBC
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