Trump Plans to Tax Foreign-Flagged Ships Calling at U.S. Ports -- Market Talk

Dow Jones

Feb 21, 2025

1026 GMT - New U.S. Secretary of Commerce Howard Lutnick said President Trump plans to impose taxes on foreign-flagged vessels calling at U.S. ports. "Have you ever seen a cruise ship with an American flag? They have flags of Liberia or Panama. None of them pay taxes. Every supertanker. This is going to end under Donald Trump," Lutnick told Fox News on Thursday. His comments hit shares of Carnival, Royal Caribbean, Norwegian and Viking, losing 5% on average, which that analysts described as a "massive overreaction". Ships are not governed by a single-country's tax regime as they operate in international waters and past moves by the U.S. and other countries to change the regulation have failed. (costas.paris@wsj.com)

(END) Dow Jones Newswires

February 21, 2025 05:27 ET (10:27 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2513326835"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2513326835\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2513326835?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-21 18:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2513326835","market":"sg","top_or_hot":-1,"title":"Trump Plans to Tax Foreign-Flagged Ships Calling at U.S. Ports -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1026 GMT - New U.S. Secretary of Commerce Howard Lutnick said President Trump plans to impose taxes on foreign-flagged vessels calling at U.S. ports. \"Have you ever seen a cruise ship with an American flag? They have flags of Liberia or Panama. <a href=\"https://laohu8.com/S/ERO\">None</a> of them pay taxes. Every supertanker. This is going to end under Donald Trump,\" Lutnick told Fox News on Thursday. His comments hit shares of Carnival, Royal Caribbean, Norwegian and Viking, losing 5% on average, which that analysts described as a \"massive overreaction\". Ships are not governed by a single-country's tax regime as they operate in international waters and past moves by the U.S. and other countries to change the regulation have failed. (costas.paris@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 21, 2025 05:27 ET (10:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump Plans to Tax Foreign-Flagged Ships Calling at U.S. Ports -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Plans to Tax Foreign-Flagged Ships Calling at U.S. Ports -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-21 18:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1026 GMT - New U.S. Secretary of Commerce Howard Lutnick said President Trump plans to impose taxes on foreign-flagged vessels calling at U.S. ports. \"Have you ever seen a cruise ship with an American flag? They have flags of Liberia or Panama. <a href=\"https://laohu8.com/S/ERO\">None</a> of them pay taxes. Every supertanker. This is going to end under Donald Trump,\" Lutnick told Fox News on Thursday. His comments hit shares of Carnival, Royal Caribbean, Norwegian and Viking, losing 5% on average, which that analysts described as a \"massive overreaction\". Ships are not governed by a single-country's tax regime as they operate in international waters and past moves by the U.S. and other countries to change the regulation have failed. (costas.paris@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 21, 2025 05:27 ET (10:27 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CCL","symbol_name":"嘉年华邮轮","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513326835","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513326835","pubTimestamp":1740133620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1026 GMT - New U.S. Secretary of Commerce Howard Lutnick said President Trump plans to impose taxes on foreign-flagged vessels calling at U.S. ports. \"Have you ever seen a cruise ship with an American flag?They have flags of Liberia or Panama. None of them pay taxes. Every supertanker. This is going to end under Donald Trump,\" Lutnick told Fox News on Thursday. His comments hit shares of Carnival, Royal Caribbean, Norwegian and Viking, losing 5% on average, which that analysts described as a \"massive overreaction\". Ships are not governed by a single-country's tax regime as they operate in international waters and past moves by the U.S. and other countries to change the regulation have failed. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CCL":"嘉年华邮轮","BK4517":"邮轮概念","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","NCLH":"挪威邮轮","CUK":"嘉年华存托凭证","BK4566":"资本集团","RCL":"皇家加勒比邮轮","BK4142":"酒店、度假村与豪华游轮","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4547":"WSB热门概念","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD"},"translate_title":"特朗普计划对停靠美国港口的悬挂外国国旗的船只征税——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CCL":0.9,"NCLH":0.9,"RCL":0.9,"CUK":0.9},"content_text":"1026 GMT - New U.S. Secretary of Commerce Howard Lutnick said President Trump plans to impose taxes on foreign-flagged vessels calling at U.S. ports. \"Have you ever seen a cruise ship with an American flag? They have flags of Liberia or Panama. None of them pay taxes. Every supertanker. This is going to end under Donald Trump,\" Lutnick told Fox News on Thursday. His comments hit shares of Carnival, Royal Caribbean, Norwegian and Viking, losing 5% on average, which that analysts described as a \"massive overreaction\". Ships are not governed by a single-country's tax regime as they operate in international waters and past moves by the U.S. and other countries to change the regulation have failed. (costas.paris@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 21, 2025 05:27 ET (10:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}