Potential Strike at U.S. Seaports Threatens Economic Disruption

About 45,000 union workers may strike U.S. East and Gulf Coast seaports on Oct. 1, potentially costing the economy $5 billion daily. The strike could create shortages, cause higher prices, and disrupt industries ranging from agriculture to pharmaceuticals. Negotiations have stalled, raising concerns of extensive economic impact.

About 45,000 union workers at seaports on the U.S. East and Gulf Coasts may walk off the job on Oct. 1, potentially cutting off vital trade just weeks before the presidential election.

A JPMorgan analysis estimates that a strike could cost the U.S. economy $5 billion daily, impacting 36 ports handling almost half of U.S. ocean imports.

The White House is not intervening, and logistics experts warn of significant shortages and cost increases across multiple industries.

(With inputs from agencies.)