US dockworkers press on with second day of strike, with no deal in sight
Al Jazeera
US President Biden urged for a quick deal to end the standoff, which threatens to drain billions from the US economy.
Tens of thousands of United States dockworkers have continued to strike for a second day, keeping shipments at major eastern dockyards at a standstill.
Containers at 36 ports stretching from Maine to Texas piled up on Wednesday, as the dockworkers appeared no closer to a deal with their employers’ group, the United States Maritime Alliance (USMX).
The stoppage is aimed at securing higher wages and better protections for the 45,000 workers in the International Longshoremen’s Association (ILA), but experts fear it could spur stinging economic losses and higher inflation in the month before presidential elections.
The market forecaster Oxford Economics projects the standoff could drain between $4.5bn and $7.5bn from the US economy for every week that passes.
