Donald Trump wisely announced he is going to extend the suspension of the Jones Act – a convoluted protectionist law that makes shipping goods from food to oil much more expensive.

These Cato Institute graphics show how Trump’s emergency waiver of the Jones Act has led to a huge boom in maritime energy trade within the United States. This is just as we predicted.

Colin Grabow explains:

With this waiver covering only energy products and fertilizer, it offers a mere peek into what domestic maritime commerce might look like without the Jones Act in place at all…. every barrel of Gulf Coast fuel reaching the West Coast is a transaction the market wanted but that the law previously prevented.

Hmm, how about getting rid of this dumb law forever?