What is The Jones Act? (Explained)
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The Jones Act — an obscure provision from the 1920s — may be one of the most counterproductive laws in American history. The act requires that any goods transported by ship between two American ports can only be moved by vessels registered in the U.S. — and built, owned, and crewed by Americans. It was intended to help support the domestic shipping industry … but has had the opposite effect. Because of the Jones Act, building a container ship in the United States can be as much as five times cos
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