Source: The Hill
by Jonahan Helton
“Defenders of the federal maritime law known as the Jones Act contend that the threat of Chinese expansion is a reason to keep its protectionist regulations in place. If the Jones Act were pared back, they say, Chinese vessels would take over U.S. shipping lanes. Unfortunately for them, this argument does not hold water — in fact, recent events strongly indicate that reforming the Jones Act could benefit Americans across the country. The 1920 law mandates that ships delivering goods from one U.S. point to another be flagged and built in the U.S. and mostly owned and crewed by Americans. But the law has been suspended for shipments of fuel and fertilizer since March 17. … The results of the waiver period so far show clearly that U.S. companies would buy more domestic products if Jones Act supply restrictions weren’t in the way.” (10/05/26)
https://thehill.com/opinion/finance/6118593-jones-act-reform-benefits/