Trust the source, not just the story
Reason
Reason
US · 36 mins ago
Shipping Thrived After Trump Waived the Jones Act
When the U.S. launched a war against Iran in February, it sent the prices of goods like fuel and fertilizer skyrocketing. Hoping to remediate the damage, President Donald Trump issued a waiver of Section 27 of the Merchant Marine Act of 1920. Better known as the Jones Act, the statute says cargo moving between American ports must be carried on a ship that was built in America, with predominantly American owners and crew. Under the Jones Act, Alaskan refiners may only send oil to the U.S. mainland on a ship built, owned, and staffed by Americans. A waiver allows companies to send goods between U.S. ports without worrying about where a ship was built or what flag it flies. While the waiver was initially for 60 days, Customs and Border Protection later approved a 90-day extension, delaying it
Reason
Do you trust Reason?
Sign in to rate
Discussion 0 comments
Sort:
?

No comments yet — be the first to start the discussion!