What are the Economic Implications of the Baltimore Bridge Collapse?

Here is what you need to know:

A cargo ship made contact with the Francis Scott Key Bridge on Tuesday morning in Baltimore, causing the structure to collapse into the harbor. The ship was called the Dali, and managed by the Synergy Marine Group, a Singapore-based ship manager, who was charted out by Danish Shipping conglomerate Maesrk. The ship was headed out bound to Sri Lanka.

Phew, that was alot, now what does this mean for the economic implications of the region?

To start, the Port of Baltimore handles over 52.3 million tons of foreign cargo from Europe mainly. This is worth over $80 billion, according to the Office of Baltimore Governor Wes Moore. The port is a major provider of local jobs within the region and a top port for U.S. foreign imports of sugar and gypsum.