#jones-act-waiver

#jones-act-waiver

The Jones Act, formally known as the Merchant Marine Act of 1920, was passed by Congress to rebuild the United States's shipping industry after German U-boats devastated the country's merchant fleet during World War I. At its core, the act requires that any ship transporting goods or passengers between US ports must be built in the US, owned by US citizens and crewed primarily by Americans.

Donald Trump is trying to make it easier for foreign tankers to move around the US, temporarily allowing foreign-flagged ships carrying oil and gas to travel between US ports, the White House announced Wednesday. The move comes as the president tries to manage a delicate balancing act, attempting to mitigate the increasing price of oil while also carrying out the US-Israel war on Iran.