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President Donald Trump ordered new travel and trade restrictions with Cuba on Friday, but stopped short of rolling back all of the Obama administration’s efforts to open up relations with the country.
Key points:
BAL Analysis: President Trump signaled during his campaign that he would take a harder line on Cuba than Obama did. While he announced changes that will take some forms of travel and business transactions off the table, he did not reverse all Obama-era changes. The restrictions Trump did order will not take immediate effect, but will be implemented once the Department of the Treasury and Department of Commerce promulgate the relevant regulations.
This alert has been provided by the BAL U.S. Practice group. For additional information, please contact BerryApplemanLeiden@bal.com.
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