The union and shipping industry group reached a tentative agreement to suspend the strike until Jan. 15.

The union representing East Coast and Gulf Coast dockworkers was seeking higher wages and a ban on the use of some automated equipment.

A major union for U.S. dockworkers and the United States Maritime Alliance have reached a tentative deal on wages. They have extended their existing contract through Jan. 15.

ABC News’ Linsey Davis speaks with New York Times global economics correspondent Peter Goodman about the suspended dockworkers strike and the outstanding issues still to be negotiated.

Despite runs on paper products at big box retailers, analysts remind American consumers not to panic buy due to the dockworkers port strike.

ABC News correspondent Elizabeth Schulze discusses the dockworkers strike that has brought ports to a standstill from New England to Texas.

Tens of thousands of dockworkers are set to strike on Tuesday morning.

The strike could cause some product shortages and reignite inflation.

It's the third day of the dockworkers strike that has shut down dozens of ports along the East and Gulf coasts, and both sides are still at an impasse.

A prolonged East Coast and Gulf Coast port strike could moderately increase prices for a range of goods, experts told ABC News.

Port workers began to strike Tuesday, with ripple effects expected to be felt nationwide after about 45,000 dockworkers walked off the job at 36 ports from Texas to Maine.

Tens of thousands of dockworkers are on strike, leading to the shutdown of ports along the East Coast and the Gulf, which handle over half of all cargo shipped to the U.S., causing daily disruptions.

The International Longshoremen’s Association announced its first strike in 50 years after it failed to reach a new contract agreement with the U.S. Maritime Alliance.