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International Business Times
International Business Times
World
Terry Massey

Cruise Stocks Sink After Trump Official Says They'll Be Forced To Pay US Taxes

The international cruise industry took a hit Thursday after new Secretary of Commerce Howard Lutnick announced that cruise lines will be required to start paying U.S. taxes.

Shares of several major cruise lines responded negatively to the strong words that forced an industry-wide selloff, with some seeing double-digit stock declines earlier in the day before recovering before at close.

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