Economy

Trump thrusts US, Cuba back toward hostile relations

Trump thrusts US, Cuba back toward hostile relations”

Despite his effort to roll back parts of his predecessor Barack Obama's cuba policy, Trump stopped short of closing USA embassy in Cuba.

President Donald Trump will announce a significant rollback of former President Barack Obama's accord with Cuba by imposing travel and trade restrictions on the island nation, according to a new report.

US President Donald Trump announced new restrictions on US leisure travel to Cuba and US business with Cuban military, the media reported.

"It would be exceedingly disappointing to see the progress that has been made in the last two years halted and reversed by the administration", Sorenson said in an emailed statement.

Trump says in a speech in Miami that the USA will not lift sanctions on Cuba until it releases all political prisoners and respects the Cuban people's right to freedom of assembly and expression.

The company plans to start operating its second hotel, the state-owned Gran Caribe Inglaterra Hotel, under its Luxury Collection brand by the end of 2019.

Trump's revised approach, which will be contained in a new presidential directive, calls for stricter enforcement of a longtime ban on Americans going to Cuba as tourists, and seeks to prevent United States dollars from being used to fund what the Trump administration sees as a repressive military-dominated government. However, Cuban-Americans will be able to continue to visit their family in Cuba and send them remittances.

Trump's declaration in a crowded, sweltering auditorium was a direct rebuke to Obama, for whom the diplomatic opening with Cuba was a central accomplishment of his presidency.

"Because we know it is best for America to have freedom in our hemisphere, whether in Cuba or Venezuela, and to have a future where the people of each country can live out their own dreams", he said. And the USA government will police other trips to ensure travelers are pursuing a "full-time schedule of educational exchange activities". No policy changes will take effect until these departments have finalized their new regulations.

Patrick Leahy Cuba
Sen. Patrick Leahy in Cuba. Courtesy

"You went out and you voted, and here I am, like I promised".

By restricting individual U.S.travel to Cuba, the new policy also risks cutting off a major source of income for Cuba's private business sector, which the policy is meant to support.

Trump announced that previous bans on tourism which were lifted under Obama will once again be enforced, as will the trade embargo. Obama and his aides argued that commerce and travel between the countries, which has blossomed since he relaxed the rules, would make his policy irreversible.

In a statement released Friday evening on government-run websites and television, Cuban President Raul Castro's administration said Trump's speech was "loaded with hostile rhetoric that recalls the times of open confrontation".

Trump is also calling for the legalization of all political parties, and free and internationally supervised elections.

Cuba functioned as a virtual United States colony for much of the 20th century, and even reform-minded Cubans are highly sensitive to perceived USA infringements on national sovereignty.

Cuba functioned as a virtual US colony for much of the 20th century, and even reform-minded Cubans are highly sensitive to perceived USA infringements on national sovereignty.

Cuba's 1470-word statement Friday night labeled Trump a hypocrite for calling on Cuba to improve human rights, saying the USA government "is threatening more limits on healthcare that would leave 23 million people without insurance. and marginalizes immigrants and refugees, particular those from Islamic countries". "What we have to achieve in approaching Cuba is if we're going to sustain the sunny side of this relationship, Cuba must, absolutely must, begin to address its human rights challenges", said Tillerson. It spent subsequent decades trying to either overthrow the Cuban government or isolate the island, including toughening an economic embargo first imposed by President Dwight D. Eisenhower.

Senior White House officials who briefed reporters Thursday on the coming announcement said Obama's overtures had enriched Cuba's military while repression increased on the island.

More news: The Royal Dutch Shell Plc (RDSB) Plans Dividend of $0.47



Like this

loading...
loading...

Latest


17 June 2017
Phil Spencer considers PlayStation 4 Pro an Xbox One S competitor
The device, which had previously been known by its codename Project Scorpio , comes with faster components than its predecessors. Now, despite being tagged by many as Microsoft's most powerful console ever, it fails to deliver on one thing, virtual reality .

17 June 2017
Republicans, Democrats Play Ball for 'Team Scalise'
Mr Trump, in a video message played at the game, said the event had "a much deeper level of meaning" because of the shooting . Before they took the field , Democrats and Republicans gathered in prayer around second base as fans chanted "USA, USA".

17 June 2017
SunTrust Banks, Inc. Begins Coverage on The Hackett Group, Inc. (HCKT)
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of The Hackett Group, Inc. Fortaleza Asset Management Inc. bought a new stake in The Hackett Group during the fourth quarter worth about $134,000.

17 June 2017
I'll come back, William vows after visiting Grenfell Tower community with Queen
The emergency services are gearing up for a third day of picking through the tower's charred remains in search of bodies. Stuart Cundy told reporters. "The ward where this fire took place is, I think, the poorest ward in the whole country".

17 June 2017
Stifel Nicolaus Reaffirms Buy Rating for Noble Energy Inc. (NBL)
Shares for $287,213 were sold by Peale Daniel S. 2,500 shares were sold by DYKSTRA KAREN E, worth $301,537 on Tuesday, June 6. Consonance Management Limited Partnership reported 46,752 shares. 58,157 were accumulated by Nichols & Pratt Advisers Llp Ma.

17 June 2017
The Depomed, Inc. (DEPO) Shares Bought by Foresters Investment Management Company Inc
National Bank Of America Corp De has 0% invested in iRobot Corporation (NASDAQ:IRBT) for 32,382 shares. (NYSE:PM). Higgins acquired 15,000 shares of the firm's stock in a transaction that occurred on Monday, June 12th.

17 June 2017
Price Target Analysis of Ship Finance International Limited (SFL)
Investors look at the Volatility 12m to determine if a company has a low volatility percentage or not over the course of a year. Narrowing in a bit closer, the 5 month price index is 0.91448, the 3 month is 0.76447, and the 1 month is now 0.93609.

17 June 2017
Starc, O'Keefe to miss Bangladesh Test series
The squad will be increased to 14 players to allow selectors to add a replacement for Starc. Usman Khawaja was named in the squad by selectors.

17 June 2017
Eliza Dushku engaged to boyfriend Peter Palandjian
In the photo , Dushku is holding hands with Palandjian and appears to be reacting with delight to his wedding proposal. She previously dated Rick Fox, but the pair ended their five-year relationship in June 2014.

17 June 2017
Juneteenth celebration set for Saturday in Salisbury
Juneteenth is celebrated across the country to recognize when slaves in Galveston, Texas, found out they were free. The Cobb chapter of the NAACP will host a three-day celebration of Juneteenth on Marietta Square this weekend.