A recent study says any rollback of Obama-era moves to normalize relations with Cuba will harm U.S. Agriculture. The study by Engage Cuba, a coalition of private companies seeking an end to the Cuba embargo, says any new regulations on exporting agricultural commodities to Cuba could cost $1.5 billion and affect 2,200 U.S. jobs. That is on top of the estimated $6.6 billion economic impact and near 13,000 jobs on the line, if President Donald Trump changes provisions by former President Barack Obama.
The expected rollback by President Trump is largely based on discussions with Cuban-American Republican lawmakers from Florida, Representative Mario Diaz-Balart, and Senator Marco Rubio. The announcement would come eight months after candidate Trump promised Cuban-Americans during a Miami campaign speech that he would reverse Obama’s policies on Cuba if the Castro government did not increase political and religious freedoms.
Source: NAFB News Service