Trump Waives the Jones Act, Temporarily Freeing U.S. Oil Supply Chains

Donald Trump issues a five-month waiver of a 1920 law that says ships carrying cargo between U.S. ports must be American-built. Colin Grabow of the Cato Institute explains the results, as dozens of voyages now help to distribute oil and gasoline, and he argues the Jones Act is economic lunacy that should be repealed.