Summary
- The International Longshoremen’s Association and the U.S. Maritime Alliance reached a tentative deal to suspend the strike until January 15, 2025.
- The deal involves a 61.5% wage increase over six years and addresses other worker protection issues.
- President Biden applauded the agreement, emphasizing progress towards a strong contract for dockworkers.
- The strike’s end removes potential product shortages and inflation risks, benefiting both workers and businesses.