:max_bytes(150000):strip_icc()/GettyImages-2197040937-1f4dcd4e39c54d79828a9a5250b54164.jpg?w=1920&resize=1920,1267&ssl=1 "Cruise Stocks Sink as Commerce Secretary Says Firms Will Face US Taxes | Global News Avenue")
Cruise Stocks Sink as Commerce Secretary Says Firms Will Face US Taxes
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2197040937-1f4dcd4e39c54d79828a9a5250b54164.jpg)
Key Points
- New Commerce Secretary Howard Lutnick said in an interview that shares of the Cruise Line fell Thursday and they will have to start paying U.S. taxes.
- Lutnick said in a Fox News interview that Cruise Line ships fly under the banners of other countries and do not pay taxes.
- Lutnick explained that this will end during the Trump administration.
Royal Caribbean Cruise Company Stocks (RCL), Carnival Company (CCL) and Cruise Line Holdings (NLH) On Thursday, newly confirmed Commerce Secretary Howard Lutnick fell on Thursday, suggesting that the companies must start paying U.S. taxes.
Lutnik complains Fox News The ships interviewed cruise operators were flying under the banners of various countries, not the United States, and therefore did not pay taxes. “This will end under Donald Trump, and these taxes will be paid,” he said.
Lutnik said the tax rates paid by Americans will drop due to these and other taxes.
Comments have been posted, the industry has been watching oil prices rise about 16% from 2024 lows, after which UBS reports said bookings from California slowed down due to wildfires there and were discouraged in Canada because of travel Dissuaded travelers. Strong dollar.
Although each person has dropped at least 8% today, stocks in the Royal Caribbean, Carnival Corporation and Norwegian Cruise Company have been thriving after travel demand.
TradingView
:max_bytes(150000):strip_icc()/GettyImages-2197040937-1f4dcd4e39c54d79828a9a5250b54164.jpg?w=1200&resize=1200,0&ssl=1&description=Cruise+Stocks+Sink+as+Commerce+Secretary+Says+Firms+Will+Face+US+Taxes+%7C+Global+News+Avenue){kind=link}