Trump's latest move leaves Canadian companies in Cuba exposed to possible U.S. lawsuits
The landmark tightening of the U.S. trade embargo on Cuba's communist government represents a major shift in U.S. foreign policy - one that now could place Canadian mining, tourism and financial services companies at risk in American courts.
“Sadly, Cuba's most prominent export these days is not cigars or rum, it's oppression. Detente with the regime has failed.” About one million Canadians annually vacation in Cuba and Toronto-based resource company Sherritt International is long established there, while countries such as Britain, France and Spain have companies active in rum, cigars and tourism.During a recent trip to Washington, Foreign Affairs Minister Chrystia Freeland met with Pompeo to discuss the possible negative consequences for Canadian companies if the U.S. were to resurrect Title III, officials said.
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