White House Extends Jones Act Waiver in Longest Suspension in Law’s History

AI Summary

The White House extended a waiver of the Jones Act for 90 days, allowing foreign-flagged vessels to transport oil and other commodities between U.S. ports amid concerns from domestic shipbuilders. New restrictions were also introduced to address the impact on the U.S. maritime industry.

President Donald Trump has extended for 90 days a waiver allowing foreign-flagged ships to transport oil and other commodities between U.S. ports, but imposed new limits after shipbuilders and their allies in Congress argued the policy was undermining the domestic maritime industry, the White House said.