Trump temporarily waives the Jones Act to try to lower gas prices

President Trump temporarily waived the Jones Act, a federal maritime law that restricts foreign vessels from transporting goods between U.S. ports, in an effort to reduce gas prices. The action allows foreign ships to carry fuel domestically, potentially increasing supply to the market. Experts quoted in the article contend the waiver will have minimal impact on lowering prices at the pump. The Jones Act typically requires such cargo to be transported on U.S.-flagged vessels, raising shipping costs and limiting supply flexibility.