The organization’s most recent trade forecast, released in October, saw trade volume growth for this year at 2.7%, with 3% for 2025.

Some experts believe that the project would be a "death sentence tantamount to genocide" for the island's nomadic Shompen tribe.

Workers held a series of protests at major ports on December 5, with the union planning for larger demonstrations on December 10.

According to data from the U.S. International Trade Commission, nearly 25% of U.S. electronics imports came from China in 2023, the most of any country.

The vessels will range in size, with the capacity to carry between 9,000 and 17,000 twenty-foot-equivalent units each.

The proposed sale was first announced in December 2023, and has faced opposition from U.S. Steel union workers and federal leaders alike.

The U.S. Commerce Department announced December 2 it will expand the list of companies on the so-called “entity list,” and would limit exports of high-bandwidth memory chips to China.

The addition of the companies to the “entity list” means that U.S. tech vendors will be denied export licenses for sales to them.

"Port operations must evolve," the USMX said in a December 3 release, responding to a statement from ILA executive vice president Dennis Daggett.

Teamsters president Sean O'Brien was also reportedly among those pushing Trump to tag Chavez-DeRemer to lead the Department of Labor.