Some Exports Exempt From Trump's Restrictive Cuba Policy
Exports of agricultural commodities, medicines and medical devices to Cuba consistent with the Trade Sanctions Reform and Export Enhancement Act of 2000 will be expressly exempt from the Trump administration’s policy to ban sales to entities under the control or…
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that act on behalf of the Cuban military or intelligence service, according to a June 16 White House policy memo (here). Among other things, the 2000 statute bans U.S. financing of agricultural exports to Cuba, except for pre-transport cash payments or payments from third-party financial institutions. President Donald Trump rolled out changes to U.S. economic policy toward Cuba on June 16, to include diversion of purchases away from the Cuban military while allowing U.S. individuals and entities to develop economic ties with the private small business sector in Cuba (see 1706160042).