Cuba rejects new US policy, saying pressure will not work

Cuba rejects new US policy, saying pressure will not work

Cuba rejects new US policy, saying pressure will not work

Trump's partial reversal of Obama's opening to Cuba, which he announced with great fanfare in Miami on Friday, includes prohibiting US companies from doing business with companies affiliated with the Cuban military and partial restrictions on USA tourism to the island.

The changes Trump announced include a ban on Americans doing business with the military and intelligence-affiliated companies that control large swaths of the Cuban economy. Let's see how this statement squares with his new policy announcement. In the president's words, "Our new policy begins with strictly enforcing US law".

Trump has said that he will attempt to reverse some of the relaxations in travel and trade that Obama implemented.

Cuba denounced these new measures as "hardening the embargo" and said they would fail.

Machinery manufacturer Caterpillar Inc., whose then-CEO Doug Oberhelman traveled to Cuba previous year to lay groundwork for sales in the country, also signaled displeasure with Trump's action.

GAESA, the Armed Forces Business Enterprises Group, is involved in all sectors of the economy. This restriction punishes individual American citizens by blocking them from traveling where they wish to go, and it does Cubans no favors.

Marco Rubio, who helped craft the new policy, continues to sell it, with an op/ed in the Miami Herald, co-authored by Sen.

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Duran says it's not just the rental-room income that has benefitted her family, but the relationships she's made with visitors, most of whom are from the United States.

A presidential memorandum gives the government 90 days before it even starts to rewrite Cuba travel regulations, meaning it could be months before it's clear what the change means for American travellers, and the future of Cuba's tourism industry. After his remarks, Trump signed an order directing the Treasury Department to make the changes. The restrictions aim to divert support from the military regime to the Cuban people, as reported byCNBC. Grupo de Administracion Empresarial SA, known as GAESA, a state-run, military-affiliated conglomerate, owns nearly all of the retail chains in Cuba and 57 of the mainly foreign-run hotels on the island. Instead of effecting change in Cuba, the Cuban embargo serves as little more than a scapegoat for the real political and economic challenges the Cuban government faces. This will essentially shield US airlines and cruise lines serving the island. "We are disappointed that the administration has made a decision to limit Americans' ability to engage in Cuba", said Richard Sawaya, USA*Engage vice president.

Under the 1917 Trading With the Enemy Act, which prescribes any financial transactions in time of war or state of emergency in relation to a particular country, the U.S. imposed a trade embargo on Cuba in 1960 that covered all but medical supplies and certain foods.

Carnival Corp. also said it was "pleased" the changes will allow its ships to continue to sail to Cuba. "Travel brings people and cultures together, so we are excited about the upcoming cruises to Cuba for our guests". On one hand, banking transactions and fees would be exempted, which means American can still rent private properties through Airbnb, for instance. And it may backfire, by shifting world attention away from the Cuban regime's oppression of its people to what Cuba will now claim is a new "U.S. aggression" against the island.

The new policy is not only a setback of the USA policy on Cuba, but also would affect the US relationship with Latin America, he added.

Mr. Castro has announced plans to step down as head of state in 2018, and the current first vice president, Miguel Díaz-Canel, is considered a likely successor.

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