> The culprit here isn’t the Jones Act, but another protectionist shipbuilding law that requires Naval and Coast Guard ships to be built in U.S. shipyards.
Now this is a surprise! As soon as I read the headline, I thought "Jones Act."
When I describe the Jones Act to people, the usual response is "That can't be right," or even "I don't believe you," but these days there's usually another person around that can say "Yes, that's actually right!" to back me up.
It's a good example of protectionism, like tariffs, that is completely ineffective. The industrial policy of the IRA and CHIPS acts are in contrast quite effective.
I'm sure the Jones Act still plays a part, leading our domestic shipbuilding capabilities (including military and icebreakers) to atrophy in competitiveness.
Now this is a surprise! As soon as I read the headline, I thought "Jones Act."
When I describe the Jones Act to people, the usual response is "That can't be right," or even "I don't believe you," but these days there's usually another person around that can say "Yes, that's actually right!" to back me up.
It's a good example of protectionism, like tariffs, that is completely ineffective. The industrial policy of the IRA and CHIPS acts are in contrast quite effective.