U.S. economy will feel minimal impact [Video]

The collapse of Baltimore’s Francis Scott Key Bridge was a maritime disaster but not an economic crisis, experts said Tuesday.

“It’s a real human tragedy what’s happened, because there are people in the water,” RSM Chief Economist Joseph Brusuelas said. “In terms of economics, it will cause barely a ripple in the national macro economy.”

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 …