A strike could shut down East and Gulf ports starting tomorrow. Why that matters to you
U.S. ports from Maine to Texas could shut down Tuesday if a union representing about 45,000 dockworkers carries through with a threatened strike. A lengthy shutdown could raise prices on goods around the country and potentially cause shortages and price increases at big and small retailers alike as the holiday shopping season — along with a tight presidential election —
Strike shuts eastern US and gulf ports, threatening economy
Estimates from the National Association of Manufacturers show the strike jeopardizes $2.1 billion in trade daily, and the total economic damage could reduce GDP by as much as $5 billion a day. NAM President and CEO Jay Timmons urged Biden to force a resumption of operations while negotiations continue.
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Dockworkers at ports from Maine to Texas have started walking picket lines in a strike over wages and automation that could ...
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