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

[Judi Lynn]

Source: Huffington Post

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/

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

[CDerekGo]

1. Oh good grief

Is the orange turd trying to make the United States a completely closed off Nation? He raises tariffs on Imports to the point that no one will be able to afford anything imported any longer, never mind the fact that even American manufacturers utilize imports for practically all production. Just look at the food you purchase. Dollar Tree anyone? Where do you think that $1.00 jar of pickles comes from? It's not the United States. A Ford EcoSport, made in same Country as those previously mentioned pickles, India, with an engine that's made in European Union. Is there anything that's made entirely in the United States any longer?

We are a global production world now. Trying to reverse that is not going to happen overnight, and certainly not because the orange one deems it so.

There are just days I just wish we could go back to November 2016 and have a 'do-over'.