White House Expected to Extend Controversial Jones Act Waiver, Sources Say

By Jarrett Renshaw and Arathy Somasekhar

WASHINGTON/HOUSTON, Aug 4 (Reuters) – The White House is expected to extend a waiver of the century-old Jones Act in the coming days, sources say, reaching for one of the few tools it has to try and hold down gasoline prices as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making “too much money.”

The Jones Act requires cargo moving between U.S. ports to be carried on ships built in the U.S., owned by U.S. companies and crewed by American workers, and the waiver aims to lower gas prices by increasing