Ever wonder why some goods cost more or take longer to reach your local store, especially in places like Hawaii or Puerto Rico? There's a nearly 100-year-old law called the Jones Act that significantly impacts how everyday products move across the US, and understanding it reveals some surprising economic consequences.
The Jones Act is trending because recent supply chain disruptions and rising costs have put this century-old law under intense scrutiny.
High inflation and ongoing global logistics issues have highlighted how the Jones Act can contribute to increased shipping expenses and delays, particularly for non-contiguous US territories and states like Hawaii, Alaska, and Puerto Rico.