Trump waives Jones Act for 60 days in effort to ease energy prices
#Trump #Jones Act #energy prices #fuel transportation #shipping waiver
📌 Key Takeaways
- President Trump waived the Jones Act for 60 days to allow foreign-flagged ships to transport fuel between U.S. ports.
- The waiver aims to lower energy prices by increasing fuel supply and reducing transportation costs.
- The Jones Act normally requires domestic shipping to use U.S.-built, -owned, and -crewed vessels.
- This temporary measure is intended to address concerns over rising gasoline and diesel prices.
📖 Full Retelling
President Trump on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
🏷️ Themes
Energy Policy, Shipping Regulation
📚 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 on Wednesday temporarily eased a century-old law that limits shippers from transporting energy products around the U.S.
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