A potential strike by 45,000 union workers at key U.S. ports could disrupt vital trade, affecting imports and increasing costs ahead of the presidential election.
The International Longshoremen's Association and United States Maritime Alliance are at an impasse over wages, risking the first strike since 1977 at East Coast and Gulf ports.
A strike could lead to shipper backlogs and escalating shipping costs, impacting the flow of essential goods to U.S. consumers, already facing inflation.
With the contract expiration on Sept. 30, the Biden administration has chosen not to intervene as it did previously, raising concerns about the strike's economic impact.
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