Timmy
Gold Member
- Oct 2, 2015
- 22,432
- 2,836
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trump suspends the act for a week . But why stop there ? End the Jones act!
It's a law that limits shipping to PR for American shippers only . Adding to the high cost of goods to the island .
To make it worse, the US Virgin Islands are exempt .
It's a protectionist cash grab.
The Jones Act has been hurting Puerto Rico for decades
The law dates back to 1920 and requires all goods ferried between U.S. ports to be carried on ships built, owned and operated by Americans. And those ships are far more expensive to buy and operate than ships flying foreign flags. As a result, it makes just about everything in Puerto Rico more expensive.
It's a law that limits shipping to PR for American shippers only . Adding to the high cost of goods to the island .
To make it worse, the US Virgin Islands are exempt .
It's a protectionist cash grab.
The Jones Act has been hurting Puerto Rico for decades
The law dates back to 1920 and requires all goods ferried between U.S. ports to be carried on ships built, owned and operated by Americans. And those ships are far more expensive to buy and operate than ships flying foreign flags. As a result, it makes just about everything in Puerto Rico more expensive.