Home WorldTrump Lifts Jones Act for 60 Days in Effort to Lower Oil Price

Trump Lifts Jones Act for 60 Days in Effort to Lower Oil Price

by Kyle Anzalone
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President Donald Trump has issued a waiver that suspends the enforcement of the Jones Act for 60 days.

The Jones Act is a protectionist law that was meant to bolster the domestic shipbuilding industry by forbidding foreign ships from transporting goods between US ports. “President Trump’s decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury,” White House Press Secretary Karoline Leavitt. . .

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