Key Takeaways International Longshoremen’s Association members walked out on 14 ports from New England to Texas this week, which could cost the U.S. economy up to $4.5 billion each day.The dockworker's strike could close off ports that handle more than 68% of America's imports.

Transportation and warehousing sectors are poised to first feel the pinch, with a broader economic fallout expected if the strike drags on.

President Joe Biden told reporters Sunday he would not intervene in negotiations. The strike could cost the U.S. economy $3.8 billion to $4.5 billion per day, with some of that recovered over time after normal operations resume, according to the Associated Press.

International Longshoremen’s Association chief negotiator Harold Dagget said a shut down has the power to cripple the U.S. economy

JPMorgan estimates the economic loss from the shutdown of every major container port from Houston to Miami and New York-New Jersey will be between $3.8 billion and $4.5 billion per day.

Dockworkers throughout the United States initiated a major strike on Tuesday as union members fight for increased wages and job protection.

Supply chain expert Eric Hoplin joined 'Fox & Friends Weekend' to discuss what is at stake with a possible strike and the broader impact on the American supply chain.

Thousands of dock workers across the eastern seaboard are striking over a contract dispute. Economist and Lehman College professor Juan DelaCruz joins PIX11 to discuss what’s preventing contract negotiations from working,

Docks in Philadelphia and all along the East Coast and Gulf Coast have ground to a halt as dockworkers strike for the first time in nearly 50 years. About 45,000 members of the International Longshoremen’s Association hit the picket line around midnight when their contacts with the owners of 36 ports expired.