The strike by dockworkers was called off after the International Longshoremen's Association and the U.S. Maritime Alliance reached a tentative agreement on wages, extending contracts until January 2025.
Despite warnings of a devastating impact on supply chains, President Biden maintained his position against intervening in the collective bargaining process and emphasized allowing negotiations to unfold.
The bargaining table will resume discussions on other issues like the union's demand for a ban on automation, while dockworkers had sought a total raise of $5 an hour for six years.
The ports from Boston to Houston handle over half of all cargo containers coming into the U.S., showcasing the significant economic implications of the dockworkers' negotiations.
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