Stef W. Kight Jun 16
What to know about Trump's new Cuba policy
The Trump administration has released a fact sheet on his administration's new Cuba policy, which revises Obama's Cuba deal, minutes before he began his speech in Miami. Here's what's changing:
- The U.S. embargo against Cuba will be reinforced. U.S. companies will only be allowed to have business ties with non-government-related small businesses there.
- American tourism in Cuba is banned again, with the exception of educational travel and group travel.
- The new policies require reporting on Cuba's progress toward "greater political and economic freedom."
- The policy gives the Departments of the Treasury and of Commerce 30 days to being the process of issuing new regulations, after which the changes will take effect.