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U.S. Labor Secretary Thomas Perez said he would meet with negotiators of both the dockworkers' union and the maritime association, which represents shipping companies. West Coast seaports were shuttered over the weekend as a strike continues to affect U.S. import operations. The port slowdown has already had a pronounced effect on manufacturing and retail operations across the United States. This weekend, Honda Motor Co Ltd (ADR) (NYSE: HMC) announced plans to cut production at three North American manufacturing plants due to a shortage of parts caused by the port slowdown. The ongoing shutdown is likely to affect first quarter GDP figures in the U.S.