diff --git a/app/code/Magento/Checkout/Model/DefaultConfigProvider.php b/app/code/Magento/Checkout/Model/DefaultConfigProvider.php
index 864d88c5ab14f40b8dcf3547b3d5459fbbde53bf..21911aec850fcdc82c6163d2684fc10869fa8421 100644
--- a/app/code/Magento/Checkout/Model/DefaultConfigProvider.php
+++ b/app/code/Magento/Checkout/Model/DefaultConfigProvider.php
@@ -295,9 +295,11 @@ class DefaultConfigProvider implements ConfigProviderInterface
                     'shipping/shipping_policy/enable_shipping_policy',
                     ScopeInterface::SCOPE_STORE
                 ),
-                'shippingPolicyContent' => $this->scopeConfig->getValue(
-                    'shipping/shipping_policy/shipping_policy_content',
-                    ScopeInterface::SCOPE_STORE
+                'shippingPolicyContent' => nl2br(
+                    $this->scopeConfig->getValue(
+                        'shipping/shipping_policy/shipping_policy_content',
+                        ScopeInterface::SCOPE_STORE
+                    )
                 )
             ],
             'activeCarriers' => $this->getActiveCarriers(),
diff --git a/app/code/Magento/Shipping/view/frontend/web/template/checkout/shipping/shipping-policy.html b/app/code/Magento/Shipping/view/frontend/web/template/checkout/shipping/shipping-policy.html
index 2952978ae29cc18eb0e96012ea92ab2105a1b3c8..1c0cc5c80e2efc4a25ad4c7f9e52266b569bbb82 100644
--- a/app/code/Magento/Shipping/view/frontend/web/template/checkout/shipping/shipping-policy.html
+++ b/app/code/Magento/Shipping/view/frontend/web/template/checkout/shipping/shipping-policy.html
@@ -9,6 +9,6 @@
         <!-- ko text: $t('See our shipping policy') --><!-- /ko -->
     </span>
     <div class="field-tooltip-content">
-        <!-- ko text: config.shippingPolicyContent --><!-- /ko -->
+        <span data-bind="html: config.shippingPolicyContent"></span>
     </div>
 </div>