The Jones Act’s Strange Bedfellows
A strange thing happened on December 6th, 2018, when President Donald Trump signed a waiver that allowed the American business, Fishermen’s Finest, to sail its 80.5-meter fishing boat, America’s Finest, out of a Washington State shipyard over objections from special interest labor unions and trade associations. The ship was held in the harbor because its hull was made with too much Dutch steel. This violated the century-old protectionist law, the Jones Act, a little-known law passed in 1920. Even many of those who are hurt by it are unfamiliar with how this cumbersome law that likely costs the American economy millions of dollars every year. >click to read<15:53
Leave a Reply