nat4900
Diamond Member
- Mar 3, 2015
- 42,021
- 5,965
But, the Trumpster has kept a promise to make China and Russia great again and shows how truly jealous of Obama the orange clown really is......LOL
Loss Summary:
Summaries of the major areas affected by potential rollback are listed below, totaling $6.6 billion and 12,295 jobs.
Trump Reversing Cuba Policy Would Cost $6.6 Billion, Over 12k Jobs
Loss Summary:
Summaries of the major areas affected by potential rollback are listed below, totaling $6.6 billion and 12,295 jobs.
- Travel: U.S. travel to Cuba was liberalized over the past few years by expanding legal travel in 12 categories, self-authorization, and allowing both airlines and cruise lines to offer passenger service to the island. Rolling back expanded travel could cost airlines and cruise lines $3.5 billion and affect 10,154 jobs in those industries.
- Manufacturing: Manufacturing companies in the energy, chemical, and technology industries are finalizing commercial contracts that will create $929 million worth of exports from the U.S. to Cuba over the next four years. Revoking authorization for manufacturing exports would deal a blow of nearly $1 billion to American businesses and could cost up to 1,359 jobs.
- Remittances: Estimates on U.S. remittances to Cuba show that Cubans working in the United States send up to $4 billion back to the island every year. Over four years, cutting the remittance flow could cost American money transfer companies $1.2 billion and affect 782 jobs. Additionally, the increase flow of remittances has significantly helped Cuba's growing private sector.
- Immigration: In January 2017, the Obama Administration and Cuba reached a deal to end the controversial “wet foot, dry foot” policy, which granted permanent residency to Cuban immigrants who arrived in the U.S. by land. Because the policy granted refugees access to federal social and healthcare entitlements, reinstating it would cost U.S. taxpayers $953 million over four years.
Trump Reversing Cuba Policy Would Cost $6.6 Billion, Over 12k Jobs