Articles Tagged with trump

Photo-from-CubaTrade-620x420-300x203Manufacturing has been a shrinking industry in the United States since the end of World War II, when the country’s galvanized work force undertook one of the greatest military industrial efforts in history. Although manufacturing still accounts for a solid twelve percent of the United States’ GDP, today’s manufacturing industry is a far cry from the World War II days, due much in part to cheaper labor sources in countries like China and Mexico. But the industry is far from dead, and one company is looking to go where none have gone before – Cuba.

Horace Clemmons and Cuban-born business partner Saul Berenthal, owners of tractor manufacturing company CleBer LLC, have been eyeing a deal in Cuba since U.S. relations with Cuba finally eased back in 2014. Eased relations, paired with the Cuban government returning unused state-owned land to the people in hopes of stimulating growth in the agricultural industry back in 2008, have revealed to the two entrepreneurs an opportunity they are still pushing for after 3 years.

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CubanTravelNewRules-300x200The U.S. Treasury Department issued new clarifications on Tuesday on measures that will take effect for business, remittances, and travel with Cuba following President Donald Trump’s June announcement regarding U.S. policy towards the island.

The document, released by the Office of Foreign Assets Control (OFAC), includes answers to 14 frequently asked questions from business owners, travelers, and the general public about the changes Trump proclaimed in Miami on June 16.

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Trump-Signing-Policy-300x214President Donald Trump plans to continue the biannual suspension of the Title III provision of the Helms-Burton Act, sources say. The Act permits the owners of property confiscated in Cuba to sue the Cuban government and foreign governments for using those expropriated holdings.

Since the Helms-Burton Act, formally known as Cuban Liberty and Democratic Solidarity Act, was passed by Congress in 1996, every president has suspended the lawsuit provision in six-month intervals. The ability to waiver the provision was added by President Bill Clinton as a compromise for U.S. allies like Mexico, Canada, and EU countries that feared Title III would open their investments in Cuba to a potential tidal wave of lawsuits in U.S. federal courts by people with prior claims.

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Raul-Castro-300x200Cuban President Raul Castro dismissed President Donald Trump’s harder line on relations with Havana to Cuba’s National Assembly on Friday, calling it a setback.

“Any strategy that seeks to destroy the revolution either through coercion or pressure or through more subtle methods will fail,” said Castro.

This was the first time he has commented on Trump’s June announcement of a rollback of some of the changes established by former President Barack Obama.

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cubavisit-300x202Travel companies that organize trips to Cuba for American travelers have reportedly been receiving a lot of questions about President Donald Trump’s new Cuba policy and how the elimination of “people to people” tours to the island and the ban on dealings with military-controlled businesses will affect their travels.

“They say they have been interested in traveling to Cuba and they want to book right now,” Tom Popper, president of InsightCuba, told the Miami Herald. His company organizes tours and plans itineraries for groups traveling to Cuba.

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Cruise-Ship-300x183U.S. business owners with dealings in Cuba were relieved after President Donald Trump outlined his new Cuba policy last week because it might not have a big impact on their ventures. Some have reportedly paused all business with the island until they see how Trump’s changes will be implemented and what new regulations they will require.

Lawyers who help corporations navigate the regulations and laws imposed by the embargo have been going through every detail of the memorandum Trump signed on June 16 as well as a White House fact sheet and the answers to some frequently-asked questions issued by the Office of Foreign Assets Control (OFAC) to get a feel of the new policy. That is all the lawyers have to go on until the new rules are written. Trump mandated that the writing process begin by next month.

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1303-Trump-Cuba-061617-300x214Cuban officials have released an official response to President Donald Trump’s June 16 speech in Miami that reinstated restrictions on travel and banned dealings with businesses owned or controlled by the Cuban military.

The statement noted Trump’s “hostile rhetoric” and said the U.S. was in no position to lecture Cuba on human rights. However, it also confirmed Cuba’s continued willingness to collaborate with the U.S.

“The Government of Cuba reiterates its will to continue a respectful and cooperative dialogue on topics of mutual interest, as well as negotiations of outstanding issues with the US Governement,” the statement said.

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Donald-Trump-at-Bay-of-Pigs-300x200President Donald Trump is to announce a plan on Friday to tighten U.S. policy toward Cuba by adding travel restrictions for Americans traveling to the island and banning U.S. companies from doing business with enterprises controlled by the Cuban military, White House officials said on Thursday.

Trump’s changes are intended to cut off cash flow to the Castro regime by banning business deals with the Armed Forces Business Enterprises Group (GAESA), a government-controlled conglomerate involved in all sectors of the Cuban economy, in an attempt to pressure Cuba’s leaders to allow the island’s private sector to grow. Exceptions will be made for sea and air travel, which means U.S. cruise lines and airlines serving the island won’t be affected by the directive.

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Donald-Trump-300x200President Donald Trump is expected to travel to Miami this Friday to unveil his administration’s revised U.S.-Cuba policy, the Miami Herald reports.

The location of the event has not yet been announced, but Miami has long been an enclave for Cuban exiles. Unveiling the policy changes there suggests that it’ll please the hardline Cuban-Americans whose support helped Trump win the Presidential vote in Florida.

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Bill-Nelson-300x163U.S. Senators Bill Nelson and Marco Rubio are reportedly lobbying the Trump administration to get compensation from Cuba for Americans whose property was confiscated when the communist government nationalized industries and utilities.

“The U.S. Foreign Claims Settlement Commission (FCSC) has certified more than 5,900 claims against the Cuban Government for stolen property. These claims—now valued at approximately $8 billion—remain unresolved,” the letter said.

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