President Donald Trump on Thursday waived the Jones Act for Puerto Rico at the request of the U.S. territory’s governor, White House press secretary Sarah Huckabee Sanders said. The act bans foreign-flagged ships from carrying goods between U.S. ports. On Wednesday, Trump said he was thinking about lifting restrictions on foreign vessels’ operations, but also said some in the shipping industry were opposed.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News
