Royal Caribbean was the hardest hit.
Shares of cruise lines tumbled Thursday after Commerce Secretary Howard Lutnick suggested the Trump administration would crack down on taxes paid by the companies.
„You ever see a cruise ship with an American flag on the back?“ Lutnick said in an appearance late Wednesday on Fox News.
„None of them pay taxes.every supertanker. None pay taxes. all foreign alcohol. No taxes. This is going to end under Donald Trump“, said Lutnick.
Shares of Carnival dropped 9%, Royal Caribbean lost 11%, Norwegian Cruise Line fell as much as 10% and
Viking Holdings weakened by as much as 7.
