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Trump pressure on Cuba could hit Canadian companies, business leaders warn

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Business leaders are warning that the Trump administration's threat to tighten the U.S. embargo on Cuba could sideswipe Canadian companies that are doing business on the Caribbean island.

The Canadian Chamber of Commerce says it is worried that the United States could enact a never-before-used section of the 1996 Helms Burton Act that would allow Americans to sue foreign companies linked to Cuban properties that were confiscated after its 1959 revolution.

Agnew said the chamber is especially concerned about the potential impact on Canadian mining, financial services and tourism companies with operations in Cuba. There is strong opposition to activating Title III among the U.S. business and agricultural leaders, but that might not be enough, Entwistle said.

Several foreign countries, including Canada, have invested in Cuba during the more than 50 years since the U.S. froze relations and imposed an economic embargo. Obama relaxed the embargo and began normalizing relations with Cuba, but Trump has rolled that back. "It could be a financial transaction that has a point of connection with someone in Cuba, which is now the owner of the property that we nationalized in 1960. It could be a financial, a trade operation. It could be investment -- it could be anything."

"It is a very obvious clear violation of international law, of the rules of international trade and the sovereignty of states."

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Trump administration’s pressure on Cuba could hit Canadian companies, business leaders warnSeveral foreign countries, including Canada, have invested in Cuba during the more than 50 years since the U.S. froze relations and imposed an economic embargo Do you honestly think Trump cares? Absolutely DISGUSTED with realDonaldTrump POTUS to seek the total destruction of Cuba and for what? Sore losers because Castro replaced their puppet dictator with himself and establish Universal healthcare and free education? Holding such a long grudge shows the evil of the US Beware foreign policy ‘experts’ who are shills for imperialism. Canada's Corporate role in the Regime Change Agenda. Canadian Banks and Gold Diggers are at the main sponsors. Haiti Venezuela
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