From cruisepassenger.com.au: Commerce Secretary Howard Lutnick has announced that the Trump administration plans to impose heavier taxes on the cruise industry, prompting a significant drop in cruise stocks, though analysts considered this an overreaction.

The Cruise Line Industry Association argue that cruise lines already pay substantial taxes and fees in the U.S., amounting to nearly $2.5 billion.

If America increases its tax rates, Australia may be able capitalise on the opportunity to attract cruise ships back to its waters with its ready and enthusiastic cruise consumer population.