New Cuba Rules Could Flood Island with U.S.-Made Goods

David Levine assessed the Obama Administration’s loosening of trade restrictions with Cuba, saying that “clearly the administration is skirting a line here between what is still legally restricted by statute and what is within the discretion of the president … to loosen these restrictions.” Mr. Levine advised American businesses to be cautious about Cuban ventures, noting that while a barber in Cuba may order supplies in the US, “ if I’m the supplier in the United States, I’m going to be reluctant to send a shipment to Joe Barber without some assurances that (I’m) going to be paid for it.” Read the full article