Trump pauses Jones Act to ease rising energy costs
#Trump #Jones Act #energy costs #fuel transport #maritime shipping
📌 Key Takeaways
- President Trump temporarily suspended the Jones Act to address rising energy costs.
- The Jones Act requires goods shipped between U.S. ports to be carried on American-built and crewed vessels.
- The suspension aims to facilitate the transport of fuel and other energy supplies.
- This move is intended to lower costs and increase supply availability in affected regions.
📖 Full Retelling
President Trump is temporarily waiving a 100-year-old law to try to ease rising energy costs. He issued a 60-day waiver of the Jones Act, which requires that all goods traveling between U.S. ports be U.S.-built, crewed and flagged. CBS News MoneyWatch reporter Megan Cerullo has more.
🏷️ Themes
Energy Policy, Maritime Law
📚 Related People & Topics
Merchant Marine Act of 1920
US federal law
The Merchant Marine Act of 1920 is a United States federal statute that provides for the promotion and maintenance of the American merchant marine. Among other purposes, the law regulates maritime commerce in U.S. waters and between U.S. ports. Section 27 of the Merchant Marine Act is known as the J...
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Original Source
President Trump is temporarily waiving a 100-year-old law to try to ease rising energy costs. He issued a 60-day waiver of the Jones Act, which requires that all goods traveling between U.S. ports be U.S.-built, crewed and flagged. CBS News MoneyWatch reporter Megan Cerullo has more.
Read full article at source