The ILA dockworkers have gone on strike at East and Gulf Coast ports as of October 1st, after negotiations with the U.S. Maritime Alliance stalled. They’re fighting for fair wages and protections against port automation, which threatens their jobs. As the strike continues, the impact on shipping and various industries is growing.
ILA Port Strike Beginning
After months of failed negotiations, the ILA port strike has begun. Dockworkers across East and Gulf Coast ports are protesting the end of their six-year contract with the (USMX), which expired on September 30th.
Tariff Increase On Imports
Starting September 27th, the Biden Administration will raise tariffs on Chinese imports like electric vehicles, batteries, solar panels, and semiconductors. This comes after a USTR review of Section 301 tariffs aimed at promoting fair trade. While some increases hit in 2024, others will phase in over three years.