The White House has temporarily rolled back a law that requires all goods traveling between U.S. ports to be moved on American-made and American-crewed ships, as the ongoing war with Iran has spiked energy prices across the country.
"President Trump's decision to issue a 60-day Jones Act waiver is just another step to mitigate the short-term disruptions to the oil market as the U.S. military continues meeting the objectives of Operation Epic Fury," White House press secretary Karoline Leavitt said in a statement on social media.
"This action will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days, and the Administration remains committed to continuing to strengthen our critical supply chains."
The Jones Act, a 1920 statute designed to support domestic trade, requires that products traveling from one American port to another must do so on American-owned ships that are built in America, use an American crew and fly the American flag.
Temporarily waiving this act opens up domestic shipping routes to foreign-flagged vessels, in hopes of reducing shipping costs and speeding up deliveries.
The goal would be to give Americans some economic relief, particularly at the gas pump, where prices are up some 92 cents a gallon from this time a month ago as a result of the war in Iran. But experts on the Jones Act say that a short-term waiver will do little to dramatically lower prices.
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