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IIUC, the only issue with the jones act requiring US-built vessels is that previous the US Navy used to buy US-built vessels and lease them out below-cost and d
by lesuorac 11mo ago
IIUC, the only issue with the jones act requiring US-built vessels is that previous the US Navy used to buy US-built vessels and lease them out below-cost and don't do that anymore. It was never economically to use US-built vessels but we've stoped subsidizing it anymore.
- jordanb 11mo agoThe US navy did not. The US Treasury used to provide "differential subsidies" to allow US flagged vessels the ability to win cargos in international trade versus non-us flagged vessels with lower operating costs.