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Donald Trump Waive the Jones Act to Curb High Gas Prices
Svmuu News Donald Trump The government has temporarily waived the century-old Jones Act, a shipping mandate, to lower the cost of transporting oil, natural gas, and other commodities within the United States. This is the latest measure taken in response to rising energy prices triggered by the war in Iran. Donald Trump On Wednesday, an authorization was issued allowing foreign-flagged vessels to transport a range of goods between U.S. ports for the next 60 days. It is understood that this authorization waives certain shipping requirements for certain goods, permitting foreign vessels to temporarily transport a variety of products.According to White House officials, these products include coal, crude oil, refined petroleum products, natural gas, natural gas condensate, fertilizers, any product primarily derived from refined petroleum products, and other energy derivatives. However, some analysts believe that given the scale of the supply chain disruptions, this exemption is expected to have only a limited impact. (Jin Shi)
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