c-flag-RTSBK2R-Ueslei Marcelino

Reversing US openness to Cuba could really cost the US economy

$6.6 billion

Reversing openness towards Cuba could cost the American economy $6.6 billion over four years, affecting about 12,300 jobs.

Published   |  Photo by
c-flag-RTSBK2R-Ueslei Marcelino
$6.6 billion

The Obama administration removed some of the barriers on trade and tourism against Cuba. Now, the Trump administration is considering putting them back.

c-flag-RTSBK2R-Ueslei Marcelino
$6.6 billion

But opening to Cuba generated revenue and created jobs in the US. Closing would mean losing that, especially in states that voted for Trump.

c-airplane-RTSBHYK-Alberto Reyes

Reuters/Alberto Reyes

c-flag-RTSBK2R-Ueslei Marcelino
$6.6 billion

States around the Gulf of Mexico, like Texas, Louisiana, Alabama, and Florida, benefit the most from a good relationship with Cuba.

c-flag-RTSBK2R-Ueslei Marcelino
$6.6 billion

American goods go to the island through their ports, and ships carrying tourists to Cuba leave from their cruise terminals.

c-cruise-RTXUJZH-Desmond Boylan

Reuters/Desmond Boylan

c-flag-RTSBK2R-Ueslei Marcelino
$6.6 billion

Meanwhile, improving relations, meaning removing the trade embargo that is still in place, would generate $5.9 billion yearly in exports.

Published

Check out more stories below—and please take a quick three-minute survey to help us improve.

Share this story

home our picks popular latest obsessions search