Latin Wealth
In this episode of Wealth Wednesday, we break down the Jones Act and how it directly impacts Puerto Rico’s economy, cost of living, and long-term growth. If you’ve ever wondered why goods are more expensive in Puerto Rico or how U.S. policies affect the island, this episode explains it in simple terms. We also discuss the recent 60-day waiver and why it raises bigger questions about whether the law should exist at all.
We dive into real examples of how the Jones Act increases shipping costs, disrupts supply chains, and limits Puerto Rico’s ability to trade freely with nearby countries. From food prices to energy costs, we explain how this century-old law continues to shape the island’s economy today. We also touch on how policies like Act 60 and U.S. regulations influence Puerto Rico’s financial future.
Finally, we connect the dots between Puerto Rico, Cuba, and Central America, including updates on Cuba’s economic changes and President Nayib Bukele’s growing relationship with the United States. If you’re interested in Puerto Rico news, Latin America economics, and understanding how policy impacts everyday life, this is an episode you don’t want to miss.
📌 Chapters
00:00 Introduction: Puerto Rico, Jones Act & Key Topics
04:06 What Is the Jones Act? (Simple Explanation)
05:25 How the Jones Act Impacts Puerto Rico
07:15 Why Puerto Rico Pays More for Goods
10:44 Oil Prices, Shipping Costs & Supply Chain Issues
13:00 Cuba News & Economic Changes
19:54 President Nayib Bukele & U.S. Relationship
24:42 Final Thoughts & Community Discussion