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Royal Caribbean and other cruise stocks are sinking after a top Trump official promised to make them pay

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Commerce Secretary Howard Lutnick suggested the federal government would order a crackdown on taxes paid by cruise operators.

Cruise operator stocks are sinking Thursday after a top U.S. official pledged to force them to pay taxes.

Royal Caribbean Cruises ( RCL ) stock fell almost 10% on Thursday , while Norwegian Cruise Line ( NCLH ) shares tumbled 7% .