Obama administration loosens Cuba embargo with new measures
The Obama administration is loosening the U.S. trade embargo on Cuba with a new round of regulations allowing American companies to sell to Cuba on credit and export a limited number of products to the Cuban government, officials said Tuesday. The changes are President Barack Obama‘s third attempt to spur U.S.-Cuba commerce despite an embargo that still prohibits most forms of trade with the island. U.S. travel to Cuba has exploded since Obama and Cuban President Raul Castro declared detente…
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