According to Reuters, the two sides have made a major breakthrough on the salary issue. The union initially proposed a 50% pay raise over six years, and then increased the demand to 77%. After several rounds of negotiations, the two sides finally agreed on a 62% pay raise plan. This agreement provides a substantial salary increase for dockworkers and also eases the pressure on port operators.

Both sides said they would return to the negotiating table as soon as possible to discuss other issues related to working conditions, especially the automation of loading, unloading and transportation operations. The union is concerned that the introduction of automation technology may lead to a significant reduction in the number of workers in the future, so it demands restrictions on the use of automated systems to protect job opportunities.

US President Joe Biden expressed satisfaction with the agreement reached by the two sides. He emphasized that maintaining the normal operation of ports is crucial to the countrys economy and supply chain stability. Biden praised the spirit of cooperation between the two sides, saying it helps ensure the smooth transportation of necessary supplies and supports the continued economic recovery.

The conclusion of this agreement has avoided a potential serious disruption to dozens of ports on the US East Coast and the Gulf of Mexico. Experts pointed out that if the strike occurs, it may lead to serious freight delays and have a far - reaching impact on domestic trade. Industry insiders welcomed the efforts of the two sides to resolve differences through negotiation and look forward to further results in subsequent negotiations.

Trade Ports_International Trade_Foreign Trade 1foreign tradeThreat of US Dock Strike Resolved, Both Sides Reach Preliminary Agreement_Shanghai Zhongshen International Trade Import and Export Agency Service