Another effect of The Federal Reserve’s reckless monetary policy coupled with Biden/Congress reckless spending is bad foreign policy. The US is exporting inflation around the globe.
US export price YoY is at 15.1%. The US is importing less inflation at 10.8% YoY.
Here is the export/import stack.
Things are not well in the US either. The misery index keeps rising under Biden’s Reign of Error.