If the International Longshoreman’s Association and the United States Maritime Alliance, which represent port management, do n’t reach an agreement, the organization is threatening to strike on October 1.
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A strike would result in the closure of 36 ships along the East and Gulf Coasts, including five of North America’s ten busiest slots. With supply chain issues related to those that occurred during the crisis, the effects on the economy would be almost immediate.
Joe Biden claims that if the union goes on strike, he wo n’t use his presidential authority to force it to go back to work. It’s a mystery why Biden wo n’t help his vice president out and make the union keep working given the damage a quick strike could cause to the economy.
Interfering in a work debate is often a fraught statement. Some speculate that Biden is upset that Harris ‘ Democrat followers forced him to withdraw. Binden has no indication that he will taking that course of action, but he could also order the workers to go back to the docks.
The international economic upheaval caused by a hit of this length may be overstated.
Almost half of all U.S. goods and billions of dollars in monthly industry are moved by the ships that would be affected. The current effects on supply chains in Europe, Asia, and Latin America would also be important.
None of this is good good for Democrats.
Election Day is just six weeks apart, and vice chairman Kamala Harris will face former president Donald Trump in a fiercely competitive election debate. Hillary Clinton and Hillary Clinton both held a two-point result in the race right now, less than Hillary Clinton did before Trump took the lead. On the day of the vice presidential debate between Democrat Tim Walz and Republican Sen. JD Vance, a attack would start on October 1.
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” A sleeping giant is ready to roar on Tuesday, October 1, 2024, if a new King Contract Agreement is not in spot”, ILA President Harold Daggett said in a statement.
Even a quick hit of a week or less would also wreak havoc on the offer chain. And the strike more threatens the impending holiday season as it goes on.
” A extended strike could lead to months, or possibly weeks, of shipping disruptions and queues, worsened by limited rerouting choices, high prices, and time boundaries”, Abe Eshkenazi, CEO of the Association for Supply Chain Management, told Business Insider. ” The supply chain is intimately linked, and as we enter the busiest shopping time of the year, businesses, shops, and users alike will feel the impact of a delay”.
The United States Maritime Alliance, which represents the companies that employ longshoremen, said on September 23 that despite efforts to begin negotiations with the , ILA they “have been unable to plan a meeting , to remain conversations”.
Our intention is the same as we want to deal and avoid a hit, but time is running out if the ILA is afraid to step up, according to USMX. ILA claimed in a statement on Monday that the parties had spoken frequently in recent weeks but that there is still a standoff over income offers.
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It does n’t look good. In terms of rate increases, prices will increase before the election, but it’s not known whether it will affect the contest that much later.
