What Happened
Outdated Trade Law Fails to Boost Domestic Shipbuilding
The Jones Act, a 100-year-old protectionist legislation, has been criticized for its failure to boost the US merchant-marine industry. Despite its intentions, the law has led to a decline in US cargo-ship production, with China building over 4,000 ships while the US builds nearly none. The law also raises the costs of ocean-shipped goods, hurting places like Puerto Rico, Hawaii, and Alaska. The US military has even had to charter foreign ships due to the lack of domestic capacity, highlighting the need for reform. This was reported by the New York Post.