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The President & the Executive Branch Discuss Blooming U.S. business interest in Cuba wilts under Trump at the Political Forums; HAVANA (Reuters) - Packed into a remote corner of a pavilion, just 13 U.S. companies took stands at Cuba’s sprawling ...

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Old 11-10-2017, 08:35 PM
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Default Blooming U.S. business interest in Cuba wilts under Trump

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HAVANA (Reuters) - Packed into a remote corner of a pavilion, just 13 U.S. companies took stands at Cuba’s sprawling trade fair this year, in a sign of how firms’ interest in doing business on the island has dwindled in the first year of Donald Trump’s presidency.
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Last year, amid enthusiasm following a detente in relations agreed between former President Barack Obama and Cuban leader Raul Castro in 2014, 33 U.S. companies took stands at the fair, the premier event on Cuba’s business calendar.
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The mood was very different at this year’s edition, which took place last week in Havana. While China brought a record company delegation, and more than 150 Spanish businesses packed into five pavilions, the handful of U.S. businessmen were downbeat.
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I’ve never seen it this deserted,” said Jay Brickman, vice president of Florida-based shipping company Crowley Maritime Corp, who has been attending the fair for 15 years. “People have really gotten discouraged, and feel they maybe should be investing their time someplace else.”
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U.S. companies embraced Cuba in the wake of the detente, jostling for a foothold in an opening market of 11 million consumers.
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Thanks to travel-related exemptions to the embargo, U.S. airlines restored regular flights. Starwood Hotels, a subsidiary of Marriott International Inc (MAR.O), took over management of a Cuban hotel and cruise operators like Florida-based Carnival Cruise Line (CCL.N) included Cuba in their itineraries.
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But worsening U.S. relations as well as growing awareness of the difficulty of doing business in Cuba put a dampener on that.
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Trump in June ordered tighter trade and travel restrictions including a ban on business with the military, which controls vast swathes of the economy. The regulations were unveiled on Wednesday.
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“This is a huge step backwards,” said former U.S. Secretary of Commerce Carlos Gutierrez, the Cuban-born head of the U.S.-Cuba Business Council. “We had made so much progress.”
Blooming U.S. business interest in Cuba wilts under Trump | Reuters
And we've continued to go backward ever since january.
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Old 11-11-2017, 09:15 AM
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Default Re: Blooming U.S. business interest in Cuba wilts under Trump

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Originally Posted by saltwn View Post
Blooming U.S. business interest in Cuba wilts under Trump | Reuters
And we've continued to go backward ever since january.
Somehow it is a step backwards to restrain the deal favoring the Cuban dictatorship. Oh wait, it was created by Obama's imperial decree, just like the Castro brothers use to rule Cuba.

Obama's so-called progress in Cuban American relations requires businesses to pay the Cuban government not the Cuban businesses or workers. This arrangement allows the Cuban government to maintain a stranglehold on the economy by paying businesses in Cuban pesos rather than foreign currency. To an anti business President Barack Obama this sort of arrangement is very attractive, so much so it is labeled progress.
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