Trump's decision will allow foreign-flagged ships to continue transporting certain commodities between domestic ports without having to meet those requirements during the extended period. (AP Photo/Jacquelyn Martin)
\n\nUS President Donald Trump is set to extend a temporary waiver of the century-old Jones Act by another 90 days, giving energy companies and commodity traders additional time to transport oil, fertiliser and other goods between US ports on foreign-flagged vessels.
\n\nThe decision is aimed at easing shipping constraints and helping lower fuel and commodity costs, according to a Bloomberg report citing a White House official familiar with the matter.
\n\nThe waiver temporarily suspends requirements under the Jones Act, which mandates that goods transported between US ports must be carried on vessels that are American-owned, registered and operated.
\n\nTrump's decision will allow foreign-flagged ships to continue transporting certain commodities between domestic ports without having to meet those requirements during the extended period.
\n\nThe White House official confirmed the planned 90-day extension to Bloomberg on condition of anonymity before the decision was formally announced.
\n\nJones Act Waiver Aims To Ease Shipping Costs
\n\nThe Jones Act, formally known as the Merchant Marine Act of 1920, is designed to protect the US domestic shipping industry by…
Original source: https://www.timesnownews.com/world
