Nearly 300 trade associations urged President Biden Wednesday to take “immediate action” to resolve the massive strike at ports along the East Coast and Gulf of Mexico. Tens of thousands of longshoremen walked off the job shortly after midnight Tuesday in a scenario businesses have been dreading for months. While some retailers scheduled shipments early or through the West Coast ahead of the strike, the impact on the U.S. economy is estimated to be as high as $5 billion per day. “Given the dire situation and the massive negative ramifications for our industries and the economy, we implore you to take immediate action to resolve this situation expeditiously,” the letter says. A ra
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