Ag groups are urging the White House to step in and help avert a potential strike that could occur at East Coast and Gulf Coast ports beginning on October 1, 2024. Groups like the American Farm Bureau, Renewable Fuels Association, and the American Chemistry Council said, “The time has come for the government to intervene and ensure port operations don’t stop.” They’re asking for help in preventing damage to U.S. agriculture and the overall economy.
Country Wide says Republican Senator Ted Cruz cited a JP Morgan analysis that predicted a strike at that large number of ports could cost the economy $5 billion daily. Negotiations between the International Longshoremen’s Association union and the United States Maritime Alliance employer group appear to be deadlocked on pay as the current contract expires on September 30. The Biden administration says it doesn’t intend to invoke the Taft-Hartley Act to prevent a strike.
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