April 17, 2019

U.S. Allies Challenge Trump’s Reversal on Property Seized in Cuba

Featuring Peter Harrell

Source: Bloomberg

Journalists Nick Wadhams, Nikos Chrysoloras

President Donald Trump’s move to let U.S. citizens file lawsuits over property confiscated in Cuba during the 1959 revolution angered European allies who vowed to challenge the reversal of more than two decades of policy.

The U.S. will begin on May 2 to enforce a provision of a 1996 law known as the Helms-Burton Act that allows Cubans who fled Fidel Castro’s regime to sue companies that have used their former property on the island. Like his predecessors, Trump had previously waived the provision, Title III, because enforcing it could result in a flood of litigation against foreign companies.

“Americans who have had their private and hard-earned property stolen in Cuba will finally be allowed to sue,” White House National Security Adviser John Bolton said Wednesday at a speech in Miami. “Anyone who traffics in property stolen from Americans will not be issued a visa to the United States. They are not welcome here.”

Read the full article and more on Bloomberg.

  • Peter Harrell

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is an adjunct senior fellow at the Center for a New American Security, where he focuses on the intersection of economics and national security. Research interest...