Gate News: On March 18, U.S. President Donald Trump announced an exemption from the Jones Act to curb high oil prices. The exemption applies to the transportation of four categories of goods: oil, natural gas, fertilizers, and coal. The Jones Act requires that cargo transported between U.S. domestic ports must be carried on U.S.-flagged ships. The exemption will allow foreign vessels to participate in transportation, thereby reducing shipping costs.
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