President Donald Trump has waived the Jones Act, a century-old maritime law, to ease rising crude oil and commodity prices. The move is expected to reduce shipping costs and impact energy supply chains, with immediate market reactions seen in energy and transportation stocks.
- President Donald Trump waived the Jones Act on March 18, 2026
- The Jones Act is a 1920 maritime law requiring U.S.-built, U.S.-owned, and U.S.-crewed vessels for domestic shipping
- The waiver targets soaring crude oil and key commodity prices
- Foreign-flagged vessels may now transport goods between U.S. ports under the waiver
- Energy and transportation sectors are likely to see market impacts
- No specific stock performance figures provided beyond CL=F, XLE, and JNJ
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