East Coast and Gulf Coast port workers are on the cusp of striking—a move that could cause serious economic fallout. Just a one-week strike could cost the US economy $3.78 billion (i.e., $540 million per day).
There are a combined 36 East and Gulf Coast ports, which handle 57% of US container volume.
Together, these facilities handle a quarter of US annual international trade—about $3 trillion.
Leading products to be affected include electronics and automobiles.
