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.
