Tuesday, 16 July, 2019

Trump Considering a Rollback of Obama's Cuba Policy

Fruit and vegetable vendors push their cart after a day’s work as two boys ride under the cart in Havana Cuba Wednesday Trump Considering a Rollback of Obama's Cuba Policy
Christy Curtis | 02 June, 2017, 02:47

In January, the Obama administration ended the "wet foot, dry foot" policy, which allowed any Cuban who made it to USA soil to stay and become a legal resident. The previous Obama administration's policies to lessen restrictions on USA companies interested in making good deals with Cuba provided an economic breakthrough and job creation throughout the country, the coalition said.

As President Trump ponders reversing Obama-era changes to Cuba, a coalition supporting the diplomatic thaw says it could hurt jobs and cost USA businesses and taxpayers billions.

The president made a historic visit to the island nation last year - the first American president to do so since Calvin Coolidge almost 90 years ago. The president hinted in a 2015 interview with The Daily Caller that opening trade relations with Cuba is "fine", but would consider terminating deals the Obama administration struck with Cuba. Engage Cuba did not include US agricultural exports to Cuba in its estimates.

Communities reliant on agricultural, manufacturing and shipping industries would incur the greatest job losses from reversing course with Obama's policies. He is also considering, the report said, tightening restrictions on Americans traveling to Cuba. According to the coalition, the United States rural communities which are rather dependent on agricultural, manufacturing and maritime industries would be disproportionately affected if some regulations to travel and trade with Cuba are adopted.

Cruise operators, from Carnival to Norwegian [NCLH.O], stand to lose $200 million in revenue per year, Engage Cuba estimated, noting that thousands of jobs in both sectors were at risk. The number of US visitors rose 74 percent a year ago.

Obama unexpectedly announced in December 2014 that the US would establish diplomatic relations with Cuba for the first time since 1961.

Though there is strong support from the Republicans in Congress and agency heads to preserve the Obama administration's policies, Sen.

The Obama administration carried out a string of regulatory actions aimed at easing trade and travel restrictions with Cuba, which has been widely popular with the USA business community and a growing number of GOP lawmakers.

The president campaigned on saving American jobs and putting "America First".

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