The union representing 45,000 striking dockworkers temporarily suspended their strike to negotiate a new contract, averting potential shortages during the holiday season.
President Biden commended the agreement, stating that collective bargaining is essential for strengthening the economy from the middle out.
The ports increased their wage offer from 50% over six years to 62%, although this is still pending ratification by the union members.
The strike was initiated amid disputes over pay and automation affecting operations at crucial ports during a key shopping period.
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