Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown

The Royal Caribbean cruise ship 'Explorer of the Sea'.This is a developing story. Check back for updates.Shares of cruise lines tumbled Thursday after Commerce Secretary Howard Lutnick suggested they would crack down on taxes paid by the companies."You ever see a cruise ship with an American flag on the back?" said Lutnick in an appearance 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 o ...