"Yes! We have no bananas" is more than a song title; it may reflect a looming reality as 45,000 port workers prepare to strike, threatening vital imports.
The strike could lead to significant disruptions in global trade and supply chains, with previous incidents like attacks in the Red Sea and low Panama Canal water levels already causing freight price increases.
German carmakers face a particularly tough situation with exports to China declining, while the strike threatens their production lines in the US, crucial for their overall operations.
Economists suggest that the strike as a problem may be mitigated if it is brief, as President Biden might intervene, especially with upcoming elections in the context.
[
Collection
]
[
|
...
]