Trump waives U.S. shipping law for 60 days to steady oil market

The temporary suspension of the Jones Act “will allow vital resources like oil, natural gas, fertilizer, and coal to flow freely to U.S. ports for sixty days,” White House press secretary Karoline Leavitt said in a statement.

The Trump administration “remains committed to continuing to strengthen our critical supply chains,” Leavitt said.

The Jones Act, signed into law in 1920 by then-President Woodrow Wilson, requires that the transport of goods between U.S. ports must be conducted by U.S. vessels.

This is breaking news. Please refresh for updates.