Despite the urging of House Speaker Mike Johnson and Majority Leader Steve Scalise, President Trump extended his Jones Act waiver for another 90 days to ease energy supply disruptions and fuel costs caused by the war in Iran.
However, he narrowed the exemption to energy-related commodities and now requires case-by-case reviews. The move pleased oil industry stakeholders but upset shipbuilders, along with Johnson and Scalise, who had hoped Trump would stop the waivers to protect the U.S. maritime industry. Bloomberg has the full story.
