US targets Cuba’s oil suppliers with new tariff authority

Al Jazeera
Al Jazeera 2w USA
President Donald Trump signed an executive order authorising an additional ad valorem duty on imports from any country that directly or indirectly sells or provides oil to Cuba.
US targets Cuba’s oil suppliers with new tariff authority
Why it matters
The executive order was signed on Thursday and frames the Cuban government as an “unusual and extraordinary threat” to US national security, citing alleged ties to hostile states and groups; it establishes a mechanism to apply extra import duties to goods that are products of countries supplying oil to Cuba.
TOPICS

Energy & Power Energy Transition

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