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Trump reverses course on normalizing relations with Cuba

Joe Mont | June 21, 2017

Businesses ramping up to do business in Cuba will have new complications to deal with. Trade and commerce opportunities opened under the Obama administration face new restrictions under President Trump. The new strategy was outlined in a June 16 Presidential memorandum.

“I will seek to promote a stable, prosperous, and free country for the Cuban people,” President Trump wrote. “To that end, we must channel funds toward the Cuban people and away from a regime that has failed to meet the most basic requirements of a free and just society.”

Actions set forth in the memorandum reverse course on policies established under the previous Obama Administration intended to ease in business relationships with the island nation, including restricting certain financial transactions and travel.

The President’s policies were detailed in a “...

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