The International Longshoremen’s Association (ILA) ended their strike on Thursday evening, after reaching a tentative agreement on wages with the United States Maritime Alliance.
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The coalition negotiating on behalf of employers in the ongoing dockworkers strike includes a Beijing-based shipping company, raising concern over potential Chinese economic and political influence.
Thousands of dockworkers at 14 different major ports along the East and Gulf Coasts went on strike shortly after midnight Thursday, with experts claiming the move could wreak havoc on U.S. supply chains and cost the economy as much as $5 billion a day. China Ocean Shipping Company’s (COSCO) membership in the United States Maritime Alliance (USMX) — the group responsible for hammering out a deal with the port workers — means China could wield significant influence over the labor negotiations, according to experts who spoke with the Daily Caller News Foundation.
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The first day of the union dock workers strike was reportedly marred in violence at a port in Baltimore, with a truck driver saying the striking workers broke his vehicle’s windshield and cut his face.
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Some 50,000 International Longshoremen’s Association members went on strike Tuesday against the East and Gulf Coast ports, snarling the flow of goods in what some predict could be the most disruptive strike in decades.
The strike, which extends from Maine to Texas, could affect everything from bananas to European beer and automobiles.
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