Trump Asked to Exclude Energy Products from New Proposed Shipping Rules

Trump Asked to Exclude Energy Products from New Proposed Shipping Rules

U.S. energy exporters want the Trump administration to exclude liquefied natural gas, oil, and refined products from a new rule requiring a rising percentage of exports to sail on U.S.-built and operated vessels, starting at 1% in 2028 and rising to 15% by 2047. The energy exporters fear the plan threatens U.S. export competitiveness due to the nation’s limited shipbuilding capacity and could risk gains Trump achieved by removing Biden’s ban on …