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U.S. economy will feel minimal impact

The steel frame of the Francis Scott Key Bridge sits on top of a container ship after it struck the bridge in Baltimore, Maryland, on March 26, 2024. 

Roberto Schmidt | AFP | Getty Images

The Singapore-flagged DALI container ship collided with a pillar of the bridge in the early hours Tuesday, causing it to immediately collapse.

An all-hands rescue effort was underway late Tuesday. President Joe Biden said he would visit Baltimore as soon as he could.

The collapse of the bridge shut down the Port of Baltimore until further notice, effectively halting shipping operations at the nation’s eleventh largest port and one that serves as the auto industry’s top destination for exports.

In 2023, the Port of Baltimore handled over 847,000 cars and light trucks, more than any other port in the United States.

“It flies under the radar for most Americans, given its location,” said Brusuelas. “It’s not…

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