Trump Administration Plans Temporary Jones Act Waivers to Address Oil Prices

In Brief

The Trump administration intends to temporarily waive the Jones Act to help address rising oil prices.

Key Facts

• The Trump administration plans to issue temporary waivers for the Jones Act.
• The Jones Act requires American-built ships for transporting goods between US ports.
• The waivers are intended to help address surging oil prices.

What Happened

According to people familiar with the matter, the Trump administration is preparing to temporarily waive the Jones Act, a maritime law requiring American-built ships for domestic shipping, in response to rising oil prices.

Why It Matters

The Jones Act has been in place for a century and affects shipping logistics and costs. Temporarily waiving it may impact oil transportation and pricing within the US. Based on a single source report

What's Next

Further details on the implementation and duration of the waivers, as well as potential industry and political responses, are not yet available.