Bullet points of White House urges dockworkers and East Coast ports to avoid strike
Bullet points of White House urges dockworkers and East Coast ports to avoid strike
- The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) are in a labor dispute that may lead to the first major strike at shipping terminals along the East and Gulf coasts in nearly half a century.
- The strike could temporarily disrupt supplies of food, auto parts, and other products, potentially driving up costs for consumers.
- The cargo gateways handle about half of all goods shipped in containers in and out of the U.S., and a strike could reduce U.S. economic activity by between $4.5 billion and $7.5 billion per week.
- The strike could also lead to a backlog of shipments that would take up to a month to clear, according to Oxford Economics.
- The Biden administration has formed a task force to address supply-chain challenges and is prepared to respond in case of a prolonged strike.
- The administration has been meeting with retailers, grocers, manufacturers, agriculture exporters, shippers, and ocean carriers to learn about the potential impact on their businesses and plans.
- The White House is not considering invoking the Taft-Hartley Act to delay the strike, as they support collective bargaining and believe it is the best way for workers and employers to come to a fair agreement.
- The International Longshoremen's Association (ILA) and United States Maritime Alliance (USMX) are in a labor dispute that may lead to the first major strike at shipping terminals along the East and Gulf coasts in nearly half a century.
- The strike could temporarily disrupt supplies of food, auto parts, and other products, potentially driving up costs for consumers.
- The cargo gateways handle about half of all goods shipped in containers in and out of the U.S., and a strike could reduce U.S. economic activity by between $4.5 billion and $7.5 billion per week.
- The strike could also lead to a backlog of shipments that would take up to a month to clear, according to Oxford Economics.
- The Biden administration has formed a task force to address supply-chain challenges and is prepared to respond in case of a prolonged strike.
- The administration has been meeting with retailers, grocers, manufacturers, agriculture exporters, shippers, and ocean carriers to learn about the potential impact on their businesses and plans.
- The White House is not considering invoking the Taft-Hartley Act to delay the strike, as they support collective bargaining and believe it is the best way for workers and employers to come to a fair agreement.