Trump extends Jones Act waiver, with limits, in bid to tamp down energy prices
Summary
President Donald Trump has renewed a 90-day waiver of the Jones Act, a law that requires goods shipped between U.S. ports to be transported on American ships. This waiver aims to help lower gasoline and fuel prices by allowing non-American ships to transport fuel between U.S. ports temporarily.Key Facts
- The Jones Act is a law over 100 years old that requires shipping between U.S. ports to use American ships.
- President Trump has granted another 90-day waiver for this law.
- This waiver allows non-American ships to transport fuel between U.S. ports.
- The goal is to help reduce gasoline and other fuel prices.
- The waiver includes some limits to the extent of the relaxation.
- The decision was announced by the White House.
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