Tag #Us Ports Strike

What are the immediate economic consequences of the ongoing labor dispute at US ports, and how significantly will it affect global supply chains?

The ongoing contract negotiations between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) are causing significant disruptions to US ports. A recent strike led to increased cargo imports in anticipation of further disruptions, costing the US economy an estimated $5-7 billion per week. President-elect Trump's support of the ILA's stance against automation is a key factor in the stalled negotiations.