Dockworkers Strike on U.S. East and Gulf Coasts, Threatening Supply Chain Disruptions

For the first time in nearly 50 years, dockworkers on the U.S. East and Gulf Coasts have gone on strike, halting operations at ports that handle more than half of the cargo shipped to the United States.

The walkout could have profound economic consequences, with J.P. Morgan estimating potential losses of $3.8 billion to $4.5 billion per day.