The International Longshoremen's Association has suspended a three-day strike at East and Gulf coast ports to negotiate a new contract, with immediate resumption of work.
The strike, timed during the peak of holiday shopping, could have led to goods shortages, but retailers were prepared with stocked items to mitigate impacts.
President Biden praised the agreement as a significant progress towards a strong contract and recognized the unity between the ILA and the United States Maritime Alliance.
The tentative agreement reportedly includes record wages but lacked specific details, highlighting the importance of further negotiations in the coming weeks.
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