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Updated 3 months ago,

User Stats

826
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1,053
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Noah Bacon
Pro Member
  • Property Manager
  • Lansdale, PA
1,053
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826
Posts

How will the Port Strike impact the US economy?

Noah Bacon
Pro Member
  • Property Manager
  • Lansdale, PA
ModeratorPosted

I haven't seen a discussion about this on the forums yet, and figured I'd start the conversation.

In case you missed the news this week, billions in trade came to a screeching halt at U.S. East Coast and Gulf Coast ports after members of the International Longshoremen’s Association, or ILA, began walking off the job after 12:01 a.m. ET on Tuesday. The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports.

I have been reading that if the strike drags on, we can expect some shortages on perishable items that the US imports.

One of those is bananas; the US imports 100% of its supply. More than half of banana imports, America’s most popular fruit by volume, comes in through the ports being struck as of Tuesday morning, according to the American Farm Bureau Federation.

Other items I have read that are at risk are: cherries, cocoa, sugar, imported wine, beer and hard liquor.

In the spirit of the strike impacting more than just materials and labor directly correlated to real estate, I intentionally posted this in "Off Topic" as I want to get a better understanding of what your concerns are with an ongoing strike.

Are you anticipating another spike in inflation? Are there goods you are worried that you won't have access to on time?

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