Trump threatens tariffs on any nation supplying Cuba with oil
[WASHINGTON] US President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communist-run island.
The move, authorised by an executive order under a national emergency declaration, did not specify any tariff rates or single out any countries whose products could face US tariffs.
Emboldened by the US military’s seizure of ousted Venezuelan President Nicolas Maduro in a deadly raid earlier this month, Trump has repeatedly talked of acting against Cuba and pressuring its leadership.
Trump said this week that “Cuba will be failing pretty soon,” adding that Venezuela, once the island’s top oil supplier, has not recently sent oil or money to Cuba.
Trump has used tariff threats as a foreign policy tool throughout his second term in office.
Cuba’s president said this month Washington had no moral authority to force a deal on Cuba after Trump suggested the Communist-run island should strike an agreement with the US. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study