Trump Extends Jones Act Shipping Waiver for 90 Days, Focuses on Energy Transport
Trump will allow a 90-day extension of the Jones Act waiver for foreign vessels transporting oil and other goods within the United States, along with new restrictions. The new waiver will specifically target energy transportation, including gasoline, jet fuel, crude oil, naphtha, liquefied natural gas, soybean oil, and fertilizers. In the future, the Pentagon must consult with the U.S. Maritime Administration before deciding whether to waive individual voyages. The White House stated that the waiver helps ensure that the U.S. military and critical industries continue to receive essential resources and increases domestic transportation of products such as gasoline, diesel, and jet fuel. However, U.S. shipbuilding companies and some members of Congress believe that the waiver undermines the protection of the domestic shipping industry provided by the Jones Act.
-- Price
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