Cuba: Economy

Jan 31

The United States is considering a total blockade on oil imports to Cuba and new tariffs, according to reports. Cuba has declared an international emergency over the tariff threats. Mexico is seeking to avoid U.S. tariffs on states that ship oil to Cuba. China has urged the U.S. to cease its blockade against the island nation.

Jan 30

The Trump administration has announced new economic sanctions against Cuba. Miguel Díaz-Canel, the President of Cuba, has called the measures "genocidal" and accused Trump of trying to strangle the Cuban economy. Reports from Cuba suggest that many citizens feel the sanctions primarily punish the Cuban people rather than the government, arguing the policy hurts ordinary citizens.