Consumers are panic-buying amid the port strike. Experts say that's not necessary

US

Some consumers nationwide are panic-buying goods like toilet paper amid the East Coast port workers’ strike. However, experts say that isn’t necessary.

On Tuesday, U.S. ports from Maine to Texas shut down when the union representing about 45,000 dockworkers went on strike for the first time since 1977.

A lengthy shutdown could raise prices on goods nationwide and potentially cause shortages and price increases at big and small retailers as the holiday season approaches.

Social media posts from users in Virginia, New Jersey and other states show photos of empty shelves where household supplies, like toilet paper and paper towels, are typically stocked.  

Still, experts say panic-buying isn’t the answer.

It’s important to note that items like toilet paper are often produced in the country. Items made in the U.S. won’t be as impacted as imported products like electronics and car and machinery parts.

Experts say the ongoing strike will impact grocery items like bananas, tropical fruit and imported alcohol and spirits.

While experts have advised Americans to be prepared for some items to be in shorter supply, panic-buying isn’t the answer.

The contract between the International Longshoremen’s Association and the United States Maritime Alliance, which represents the ports, expired Tuesday.

The ILA is asking for significantly higher wages and a total ban on the automation of cranes, gates and container-moving trucks used in loading or unloading freight at 36 U.S. ports.

The alliance has offered 50% raises over six years and pledged to keep the limits on automation from the old contract.

Under the 1947 Taft-Hartley Act, President Joe Biden could seek a court order for an 80-day cooling-off period, which would suspend the strike.

However, during an exchange with reporters on Sunday, Biden responded “no” when asked if he would use the act.

The Associated Press contributed to this report.

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