IT WAS typical Trumpian pageantry. On a bunting-trimmed stage at the Manuel Artime theatre in Miami’s Little Havana neighbourhood, the president of the United States declared on June 16th that he was “cancelling” the “completely one-sided deal with Cuba” made by his predecessor, Barack Obama. There is much less to this than Donald Trump’s pugnacious rhetoric suggests. But the new policy will still hurt Cuba’s fledgling private sector, discourage economic reform and damage Uncle Sam’s prestige in Latin America.
The deal struck in 2014 by Mr Obama and Cuba’s president, Raúl Castro, restored diplomatic relations after an interruption of 54 years, softened the United States’ trade embargo, eased travel between the countries and removed Cuba from the list of state sponsors of terrorism. Much of that will not change. Mr Trump’s main innovation is to make tourism harder, supposedly to deny income to Cuba’s armed forces. Commercial flights and cruises, though, will...Continue reading
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