"US Maritime Industry in Free Fall: Can Repealing the 100-Year-Old Jones Act Revive It? The US cargo-ship industry is on life support, with production plummeting to just a few vessels per year. Meanwhile, China is building more than 4,000 ships, cementing its position as a global maritime powerhouse. The Jones Act, a century-old trade law that restricts foreign shipbuilding and operation in US waters, has been widely criticized for stifling competition and innovation. As the US continues to lose ground in the global shipping market, President Donald Trump and Congress are under increasing pressure to repeal this protectionist legislation and give the industry the boost it so desperately needs."
It’s hard to find a better example of a failed trade law than the Jones Act — which has now slashed US cargo-ship production to just a few vessels a year, while China’s building more than 4,000. President Donald Trump and Congress need to prioritize a repeal of this 100-year-old protectionist legislation ASAP. The law...
