Trump's Threat To Tighten U.S. Embargo On Cuba Could Hit Canadian Companies: Business Leaders

[Judi Lynn]

04/02/2019 07:11 EDT | Updated 4 hours ago
"It could affect any company which has any, any relationship with Cuba."
Mike Blanchfield Canadian Press

OTTAWA — Business leaders are warning that the Trump administration's threat to tighten the U.S. embargo on Cuba could sideswipe Canadian companies that are doing business on the Caribbean island.

The Canadian Chamber of Commerce says it is worried that the United States could enact a never-before-used section of the 1996 Helms Burton Act that would allow Americans to sue foreign companies linked to Cuban properties that were confiscated after its 1959 revolution.

"It's an administration that's not afraid to break with what are considered to be the normal ways of doing business in international diplomacy," said Mark Agnew, the chamber's director of international policy.

Case in point: an insistence in the Trump White House that Canadian steel and aluminum exports remain subject to tariffs imposed on dubious national-security grounds, even though it has been months since the two countries and Mexico joined in signing a new North American trade pact.

More:
https://www.huffingtonpost.ca/2019/04/02/trump-cuba-embargo-canadian-companies_a_23704583/

Also posted in LBN:
https://www.democraticunderground.com/10142296986

[Pope George Ringo II]

1. I'm pondering some tourism in Cuba just because I can.

The time when that embargo made anything even vaguely resembling sense except as a sop to Cuban-American votes has long passed.