Port strike leaves BILLIONS of trade in limbo
Longshoremen along the East Coast have officially begun a strike, the effects of which could be devastating for Americans already struggling in the Biden economy. And longshoremen are not shy about their intentions. Harold Daggett, president and chief negotiator of the International Longshoremen's Association, warned Americans: “We will cripple you.” Daggett also detailed how he […]
Port strike grinds coffee shipments to a halt at East and Gulf Coast ports
John DeCicco Jr., CEO of DeCicco & Sons, details the impact of the longshoremen's strike on his company as it prepares for fruit shortages. The strike currently in progress is Unionized longshoremen The unloading of imported coffee has been suspended at Eastern and Gulf ports, tightening supplies for coffee drinkers in the United States, the […]
NYC Costco shoppers empty shelves in panic over port strike
A longshoremen's strike that has shut down dozens of ports on the East Coast and Gulf Coast has led to shortages of toilet paper and paper towels at Costco on Staten Island, despite experts' claims that paper products are not affected by the strike. There are reports of panic buying. Video footage Wednesday showed vast […]
U.S. Port Congestion Builds as Dockworker Strike Enters Third Day
Lines of container ships continued to form outside major U.S. ports on Thursday as the first longshoremen's strike in nearly 50 years entered its third day. The chokepoint threatens shortages of everything from bananas to car parts and is expected to widen in the coming days unless a solution is found. Reuters report Negotiations between […]
US port strike: GM, Walmart, LG top importers at impacted ports
John Cassimitidis, chairman and CEO of United Refining Company and Red Apple Group, discusses Mr. Biden's non-intervention in the port strike and how it fuels inflation. , explain what will increase the price of food and oil. An ongoing longshore union strike has shut down several ports on the U.S. East Coast and Gulf Coast […]
Port strike: distilled spirits exports and imports at risk says trade group
John Cassimitidis, chairman and CEO of United Refining Company and Red Apple Group, discusses Mr. Biden's non-intervention in the port strike and how it fuels inflation. , explain what will increase the price of food and oil. The industry group said the spirits industry and its consumers were facing the effects of the longshoremen's strike […]
Fmr Labor Sec Warns Port Strike Could Cause ‘Extraordinary Consequences’ For Economy, May Lead To Court Action
Former Trump administration U.S. Labor Secretary Eugene Scalia said Wednesday on Fox News that the current port strike could have “extraordinary consequences” for the economy and that President Joe Biden may seek a court injunction. I warned you that there is. The International Longshoremen's Association (ILA) staged a strike early Tuesday, affecting 14 major ports […]
Port strike disrupts hamburger supplies, frozen seafood
Traders and industry officials say striking longshoremen at East Coast and Gulf Coast ports are fighting for beef, which restaurants and retailers are increasingly relying on to make hamburgers because of limited domestic supplies. It is said to be blocking imports. Labor strikes have prevented the loading and unloading of everything from car shipments to […]
Port strike leads to panic-buying, but experts say there's no need
A major port strike on the East Coast and Gulf Coast could threaten Americans' banana supplies, but it's unlikely to directly cause a toilet paper shortage, but that won't stop consumers from panic-buying. Thousands of members of the International Longshoremen's Association (ILA) have stopped working, demanding big pay increases and protection from automation after the […]
Economist warns of 'bad news for consumers' amid looming port strike
Economist Stephen Moore discusses whether the looming port strike is inflationary and Trump vowing to cut energy prices in half. source