Port Strike Expected to Have Major Economic Impact, Warn Experts

As the ongoing dockworkers strike continues to shut down 36 major ports along the East Coast and Gulf of Mexico, economists and industry experts are warning of widespread and potentially devastating consequences for the U.S. economy. With the strike now underway and negotiations for a new labor contract stalling, the repercussions could ripple across supply chains, drive inflation higher, and even push the country into a recession if it lasts more than a month.

Thousands of dockworkers along the East Coast are on strike due to a contract dispute. . .