Published: Sat, June 17, 2017
Business | By Max Garcia

Trump's Cuba decision gives pause to United States companies doing business there

The Department of the Treasury's Office of Foreign Assets Control released a series of frequently asked questions regarding President Donald Trump's changes to the USA policy toward Cuba Friday, as the president announced the changes in Miami.

Speaking in a theater in Miami, Florida, the president said that he made that decision to support the Cuban people, although most Cuban-American residents in this country and most residents in Cuba back up the way paved by former President Barack Obama (2009-2017). "They only enrich the Cuban regime". The Cuban government has traditionally steered those tour groups to state-run business, meaning the majority of American travelers to Cuba will probably no longer be able to patronize private restaurants, bed-and-breakfasts and taxi drivers.

Declaring Obama's pact with Castro a "completely one-sided deal", Trump said he was canceling it.

Rubio said that Trump was welcomed by "dissidents" as he came down the steps from Air Force One on Friday in Miami, as opposed to Obama, who met with the Cuban government on a trip last March. Travelers utilizing this travel authorization must maintain a full-time schedule of educational exchange activities that are meant to enhance contact with the Cuban people, support civil society in Cuba, or promote the Cuban people's independence from Cuban authorities, and that will result in meaningful interaction between the traveler and individuals in Cuba.

The changes won't go into effect until new documents laying out details are issued.

Obama, after years of clandestine work with the Castro regime, announced in 2014 that the United States would re-establish diplomatic relations and reopen the American embassy in Havana, which was closed in 1961 following the Cuban revolution. Only Congress can lift it.

"The previous administration's easing of restrictions on travel and trade does not help the Cuban people". Diplomatic relations established by Obama will remain.

"The Cuban people are directly benefiting from increased business and leisure travel to Havana". As a result, the restrictions on certain transactions in the new Cuba policy will not limit the ability to send or receive authorized remittances.

"This is a hollow retreat from normalization that takes a swipe at Americans' freedom to travel, at our national interest, and at the people of Cuba who yearn to reconnect with us - all just to score a political favor with a small and dwindling faction here at home", Leahy wrote.

"Our embassy remains open in the hope that our countries can forge a much stronger and better path", Mr. Trump said. She argued the reversal could cost the USA economy $6.6 billion over the next four years, with the travel industry taking taking the brunt of the losses. But there's no way to guarantee an individual follows the guidelines for that category.

The new rules will also tighten restrictions on Americans traveling to Cuba. Americans who fall into one of 12 special categories - including journalists on assignment, religious missionary groups or artists and students engaged in cultural exchange - now may obtain special licenses from the US government granting them permission to visit the nation. "He needs to allow Americans to be Americans and grant us our freedom to travel". The White House officials indicated Trump would call for a tighter enforcement.

Maduro's foreign minister Delcy Rodriguez earlier on Friday pledged Venezuelan solidarity with Cuba via regional blocs including the Alba group of leftist nations founded during the friendship of late leaders Hugo Chavez and Fidel Castro.

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