Biden Plots Cuba Reset in Rebuke of Trump’s Sanctions
- The president-elect plans to reduce restrictions on Havana
- One Cuba-themed fund has rallied 40% since the U.S. election
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President-elect Joe Biden’s team plans to bring the U.S. closer to normalized relations with Cuba, reversing many of the sanctions and regulations imposed during the Trump administration, according to people familiar with the matter.
That strategy includes reducing restrictions on travel, investment and remittances for the island nation that are perceived to disproportionately hurt Americans and ordinary Cubans, said the people, who requested anonymity because the new administration is still coming together. Other measures that target Cuba for human rights abuses would remain in place, the people said.