A strike by the International Longshoremen’s Association (ILA) is set to begin on Tuesday, impacting U.S. East Coast and Gulf of Mexico ports from Maine to Texas, following failed wage negotiations. The strike would be the first coast-wide ILA walkout since 1977 and could disrupt supply chains, affecting the flow of goods such as food and automobiles. The union accuses the United States Maritime Alliance (USMX), which represents port employers, of wage suppression and automation efforts. The White House urged both sides to reach a fair agreement before the Monday night deadline, but no talks are scheduled. The strike could significantly hurt the U.S. economy, potentially costing billions of dollars daily and risking job losses and inflation. President Joe Biden stated he does not plan to intervene under the Taft-Hartley Act.
#KVB# #FlashNews# #BrokerNews# #US# #USeconomy# #Knowledge#
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