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Strikes affect shipping activities at U.S East Coast and Gulf Coast
- Dockworkers at the U.S East Coast and Gulf Coast have gone on strike demanding an increase in wages and a rollback on automation agreements.
- The two ports handle nearly half of containerized cargo entering the U.S.
- JPMorgan estimates that the economy will lose between $3.8 and $4.5 billion a day due to the strikes.
- The strike is expected to impact container cargo and auto shipments.