Trump Waives Century-Old Shipping Law In Bid To Lower Gas Prices.President Donald Trump on Wednesday suspended the Jones Act—a century-old shipping law that only allows cargo moved between U.S. ports to travel on American vessels—as the war with Iran has caused gas prices to approach a national average of $4 per gallon, Bloomberg reported.
Key Facts
Reuters reported the temporary suspension of the Jones Act will make it easier to deliver fuel and fertilizer in the United States.
This is a developing story and will be updated.
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