Unions

Dockworkers at seaports on the East and Gulf Coasts went on strike Tuesday after negotiations with port employers over a new contract remained at an impasse.

Dockworkers at ports along the East and Gulf coasts from Maine to Texas are on strike, raising questions about whether West Coast ports can absorb stalled shipments.

Some U.S. consumers have begun to "stock up as much" as possible, while others are "not prepared" for likely inventory shortages and price pressures from the looming port strikes.

Three dozen ports along the East and Gulf coasts are facing a potential work stoppage as the deadline for a new contract between port employers and dockworkers nears.

FOX Business' Stuart Varney discussed the potential strike at ports along the East and Gulf Coasts that could do serious damage to the U.S. economy.

A potential strike by workers at more than 30 seaports from Texas to Maine could wreak supply chain havoc in U.S., impacting food supply, medicine, cars and auto parts.

International Longshoremen's Association on Sunday said workers are readying for the picket lines should a deal not be reached by end of day Monday.

Port employers met with White House officials Friday as negotiations with the union representing East Coast and Gulf Coast dockworkers are at an impasse with a potential strike looming.

Employers at East and Gulf Coast ports filed an unfair labor practice complaint against the dockworkers' union in an effort to restart negotiations and prevent a potential strike.

Nippon Steel's bid to buy U.S. Steel was given the green light by an arbitration board tasked with reviewing the United Steelworkers union's complaints with the transaction.