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Why Trump’s Waiver of the Jones Act Is Unlikely To Lower Gas Prices
U.S. President Donald Trump is weighing another suspension of the Jones Act as gasoline prices above $4 a gallon threaten to become a liability for Republicans heading into the midterm elections.
AI Summary
The potential suspension of the Jones Act by President Trump is unlikely to have a significant impact on lowering gas prices. This is because the waiver would primarily benefit foreign-flagged vessels, which are not the primary source of domestic oil and fuel shipments.
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