Author: Mike Calia and Steve Kopack and Jason Abbruzzese and Lori Ann LaRocco, CNBC and Kyla Guilfoil and Josh Cradduck

A potential strike by dockworkers could have significant impacts on various industries, with key ports like those in New York and New Jersey likely to be most affected. The strike is in response to a proposed offer that includes a substantial increase in wages, higher retirement contributions, and improved health care benefits. While some businesses have made preparations to mitigate the impact of the strike, there are concerns about the possible disruptions if the walkout persists for an extended period. President Joe Biden has urged negotiations to continue and called for fair compensation for longshoremen. Despite pressure from business groups…