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Study Says Rollback on Cuba Trade Normalization Could Hurt Agriculture

Study Says Rollback on Cuba Trade Normalization Could Hurt Agriculture

Photo: WNAX


A recent study indicates any rollback of efforts to normalize U.S. relations with Cuba could harm agriculture. The study, by Engage Cuba, a coalition of private companies seeking to end the embargo, says any new regulations on exports to Cuba could cost $1.5 billion and affect 2,200 U.S. jobs. National Association of Wheat Grower’s CEO Chandler Goule says going back on normalizing trade relations doesn’t make sense.

He says having the Cuba market fully open would be beneficial for U.S. wheat growers and the whole agricultural industry, at a time when commodity prices are depressed.

Goule says the U.S. is already trading with countries that have worse policies than Cuba.

The expected reversal on Cuban policy by President Trump is based on discussions with Cuban American Republican lawmakers from Florida.