WASHINGTON (Reuters) – The Biden administration’s supply chain team remains in touch with auto industry executives about issues driving up prices, White House press secretary Jen Psaki said on Tuesday.
Short-term disruptions in shipments of automotive semiconductors is now becoming a long-term problem and is driving average prices of new and used vehicles to luxury-car levels, fueling inflation fears and causing concern in the White House.
(Reporting by Jarrett Renshaw; editing by Jonathan Oatis)
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