Lifting the Jones Act temporarily allows foreign ships to transport cargo across the US, but critics question efficacy.
Lifting the Jones Act temporarily allows foreign ships to transport cargo across the US, but critics question the move’s efficacy.
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United States President Donald Trump has waived a more than century-old maritime shipping law in an effort to quell rising fuel costs amid the ongoing US and Israeli war against Iran.
On Wednesday, the White House issued a 60-day waiver to lift the Jones Act, which would allow foreign-flagged vessels to transport cargo to US ports.
President Donald Trump issued a 60-day temporary waiver of the 106-year-old maritime law known as the Jones Act to battle rising…
The move allows foreign-flagged vessels to transport goods between US ports for the next 60 days.
White House press secretary Karoline Leavitt said it would help “mitigate the short-term disruptions to the oil market."
The Trump administration is considering waivers of a 106-year-old maritime law as it battles rising gas prices as a side effect…
The Trump administration "remains committed to continuing to strengthen our critical supply chains" amid the Iran war, press…
Shipping costs have increased by more than 10 percent in the past month due to the US-Israel war on Iran.
