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Latin American Economy & Business - July 2017 (ISSN 1741-7430)
Cuba: Trump rolls back some of Obama’s Cuba changes
Given US President Donald Trump’s policy flip-flopping, his difficulty in securing congressional support for planned reforms and overall uncertainty over the White House policy stance, it was unclear whether Trump planned on following through on his 2016 campaign pledges to reverse the changes introduced by Barack Obama with regard to Cuba policy. A speech on June 16th appears to have cleared up any uncertainty, with a number of measures set to unpick some of the legislation passed by Obama. Although the diplomatic rapprochement is clearly on hold, the planned changes are in fact relatively limited in nature and rather than push the Cuban economy into recession, the changes simply means that a rapid economic expansion in Cuba is unlikely.
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