Trump Prepares Fresh Bid to Bring Down Gas Prices as Pump Pain Continues The White House has extended a waiver of the Jones Act, a move that critics argue will do little to alleviate rising gasoline prices and may even undermine national security goals.
President Trump continues to rail against oil companies, accusing them of making "too much money," but his administration's solution seems more about optics than actual policy change.
The Jones Act, enacted in 1920, protects American shipbuilding and maritime industries by mandating that cargo carried between US ports be transported on vessels built in the US, owned by US companies, and crewed by American workers.