We want to make sure you stay up to date with the hottest trade blogs from 2020. Below is a summary of what you missed by category. Enjoy!
U.S.-Cuba Trade under Trump
Since the early 1960s, the U.S. maintained a policy of economic sanctions towards Cuba. The U.S. policy sought to isolate the Cuban government. In 2014, the Obama administration significantly changed U.S. trade and economic policies towards Cuba by restoring diplomatic relations, rescinding Cuba’s designation as a state sponsor of terror, and permitting increased trade between the two countries. This period was known as the Cuban Thaw.
However, under President Trump’s administration, the Obama administration’s efforts to normalize relations have been rolled back. In November 2017, the Trump administration restricted financial transactions with entities controlled by the Cuban government. Furthermore, many new entities have been added to the Cuba restricted list under the Trump administration. As of 2019, the Trump administration has more or less abandoned engagement with the Cuban government, and has opted instead to increase sanctions based on Cuba’s human rights violations and its support of the Venezuelan government under Nicolas Maduro.
The 2020 election is one for the record books. At the time of this writing, states have adapted at least in part to mail-in voting systems and voter turnout is booming despite the ongoing public health emergency. There’s another less obvious reason why the 2020 election is unique: it may be the first election in which U.S. trade policy has been a key issue on the debate stage. What does Trump’s record on trade look like? How do Trump and Biden’s trade platforms compare? We will discuss each of these issues, in turn.