​$5 Billion Per Day Nightmare Looms Amid Rising Risk Of Paralyzing US Port Strikes – Tyler Durden

$5 Billion Per Day Nightmare Looms Amid Rising Risk Of Paralyzing US Port Strikes Goldman analysts have created a framework specifying that if the International Longshoremen’s Association (ILA) and the US Maritime Alliance (USMX)—a coalition of port operators and carriers—fail to reach a new contract agreement in three days (or by the end of September 30), a strike along East and Gulf Coast ports could erupt, jeopardizing $5 billion in daily international trade. “We analyzed the potential impact to trade value into the East Coast and Gulf Coast Ports if work disruption were to occur (we take no view on the likelihood…  — Continue at ZeroHedge News : Read More