Cuba warns of human trafficking risk due to frosty US ties

  • Cuba warns of human trafficking risk due to frosty US ties

Cuba warns of human trafficking risk due to frosty US ties

Rolling back regulations with Cuba would cost the USA 12,295 jobs over the Trump's first term in office and would cost businesses and taxpayers over $6 billion, the report finds.

The Obama administration followed the announcement with a series of regulatory and diplomatic changes that allowed US citizens to travel to Cuba and purchase some Cuban products, like rum and cigars.

A majority of potential revenue lost, according to the memo, would be from restrictions to air travel. Seven U.S. airlines now fly direct to Cuba; AirBnb, Expedia and TripAdvisor offer services on the island; and the four major U.S. telecommunications providers now offer roaming there. The organizations estimate almost $2 billion will be lost during the president's first term if their business is put to a halt.

The states that would be hit hardest by a Cuba roll back are those with deep water ports and those close to Cuba, including Florida, Louisiana, Texas, Alabama, Georgia and Mississippi.

Cutting off commercial and diplomatic ties with Cuba would hurt the US economy and threaten thousands of jobs, according to a report released Thursday. They also ended the "Wet Foot, Dry Foot" immigration policy and reopened the American Embassy in Havana.

"How sadly ironic and short-sighted it would be if, soon after singing the praises of the repressive leaders of Russia, Egypt, Turkey and Saudi Arabia, President Trump were to return to a failed 55-year-old policy of sanctions and ultimatums against tiny Cuba", Democratic Sen. Marco Rubio and Rep. Mario Diaz-Balart.

The group believes that over the course of Trump's first term in office, cutting links with Cuba would cost $6.6 billion and threaten 12,295 American jobs, with the people most affected by additional travel and trade regulations on Cuba would be those in rural communities dependent on shipping, agriculture and manufacturing. The previous Obama administration's policies to lessen restrictions on United States companies interested in making good deals with Cuba provided an economic breakthrough and job creation throughout the country, the coalition said.

Trump is considering reimposing limits on banking, travel and the purchase by Americans of Cuban goods, citing human rights abuses by the Castro regime, according to the New York Times.