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Which products could be affected by a lengthy port strike?
Manage episode 443216641 series 3519301
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A strike by 45,000 dockworkers across 36 East and Gulf Coast ports has the potential to cause significant disruptions to the U.S. supply chain. This could result in shortages and price increases for consumers, particularly for products like seafood, electronics, pharmaceuticals, cars, machinery parts, alcohol, and bananas. The strike is also projected to have a negative impact on businesses, especially small and medium-sized ones, potentially leading to job losses and decreased exports. While the Biden administration has declined to intervene, negotiations continue between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) in an effort to resolve the strike.
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