Update: Market Chatter: Trump Extends US Jones Act Shipping Waiver With New Limits

MT Newswires Live

Aug 11

(Updated with the White House's response to a request for comment in the last paragraph.)

President Donald Trump has extended a Jones Act waiver letting foreign ships transport commodities between US ports for 90 more days, but he also narrowed the scope of relief from the law, Bloomberg reported Monday, citing a White House official.

The new limits, which were finalized Monday along with the extension, require case-by-case reviews of individual voyages, the report said, citing the official.

"Today, the Trump Administration issued a 90-day extension to the Jones Act waiver to ensure our military and key industries maintain uninterrupted access to critical resources," a White House spokesperson told MT Newswires via email. "Data shows the waiver has driven a significant increase in domestic deliveries of essential products such as gasoline, diesel, and jet fuel. President Trump continues to take bold, commonsense action that protects and strengthens America's economic and national security."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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