Maryland governor warns bridge collapse will have 'massive impact' on US economy across multiple industries

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Maryland Gov. Wes Moore said Sunday his authorities won’t beryllium nan only 1 to consciousness nan economic impact of nan illness of nan Francis Scott Key Bridge successful nan Port of Baltimore, informing ripples will beryllium felt successful galore industries crossed nan country.

Moore appeared connected "Fox News Sunday" and discussed nan important domiciled 1 of nan nation’s busiest ports plays successful nan nationalist system arsenic officials proceed to region nan alloy debris from nan fallen span and nan Eiffel Tower-sized alloy blocks shipping lanes. 

"It's not conscionable a monolithic effect on Maryland," nan Democrat said. "This is simply a monolithic effect connected nan nationalist economy."

Moore said nan Port of Baltimore has a far-reaching effect connected states crossed nan state because it handles much cars, dense trucks and cultivation instrumentality than immoderate different larboard successful nan U.S.

BALTIMORE BRIDGE COLLAPSE: MARYLAND GOVERNOR SAYS CONDITIONS ARE CURRENTLY ‘UNSAFE’ FOR RESCUE DIVERS

Baltimore Bridge collapse

The Francis Scott Key Bridge and nan Dali cargo alloy pictured Friday, 3 days aft nan alloy struck a support file holding up nan bridge. (Kevin Dietsch/Getty Images / Getty Images)

"This is impacting nan husbandman successful Kentucky," Moore said. "It's impacting nan car trader successful Ohio. It's impacting nan restaurants successful Louisiana and successful Tennessee. This is impacting nan full country."

Economists are predicting Americans will feel an inflation "pinch" in market bills, state prices and different equipment arsenic nan illness snarls shipping and maritime postulation astatine nan port.

Contain vessel collapsed into Baltimore bridge

In an aerial view, nan cargo vessel Dali is seen aft moving into and destroying nan Francis Scott Key Bridge successful Baltimore. (Tasos Katopodis/Getty Images / Getty Images)

The American Trucking Association told FOX Business past week an estimated 4,900 trucks traveled nan span each day, carrying astir $28 cardinal successful equipment each year. 

The larboard is nan busiest in nan U.S. for car shipments, handling much than 750,000 vehicles successful 2023, according to information from nan Maryland Port Administration. It is besides nan largest U.S. larboard by measurement for handling workplace and building machinery and cultivation products.

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While Moore said it was imperative to clear debris and rebuild nan bridge, nan politician did not supply a timeline erstwhile asked, emphasizing that it is simply a "remarkably analyzable operation."

Baltimore port

The Port of Baltimore is 1 of nan busiest ports successful nan United States. (Samuel Corum/Bloomberg via Getty Images, File / Getty Images)

"We cognize this is going to beryllium a agelong roadworthy to recovery, but we cognize that we person to move pinch safety, and we person to move pinch velocity successful bid to get our commercialized motor going again," nan politician said.

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"I want that investigation to beryllium speedy, and for anyone who needs to beryllium held accountable to beryllium held accountable," Moore said. "And, astatine nan aforesaid time, we person sewage to get this transmission opened. We person sewage to get commerce flowing again. And we person sewage to rebuild nan Francis Scott Key Bridge."

Fox Business' Daniella Genovese, Greg Normand and Chris Pandolfo contributed to this report.

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