World Property Journal
Billionaire real estate developer and U.S. President Donald Trump, who once considered building luxury hotels in Cuba, is getting set to swing a sky-high verbal crane over the tiny Communist-governed nation.
According to several Washington media sources, over the next four weeks, Trump will sign an Executive Order that for all intents and purposes will bring many of the current economic-boosting strategies to a halt in both the U.S. and Cuba.
He is expected to make this announcement in Miami. The White House so far has refused to confirm or deny this event is on the President's speaking schedule.
Trump's order is aimed at reversing many, but not all of former President Barack Obama's progressive policies he enacted in 2015.
Trump is expected to ask his Republican brothers in the Congress to back him up on this new action but he will not receive the support he needs to translate his order into law, according to several Washington reporters and lobbyists closely following the President's actions since his Jan. 20 inauguration.
Why is Trump getting so involved with foreign policy all of a sudden?
For one thing, his domestic plans for the U.S. to date have failed, embarrassingly so far. By playing his hand outside the U.S., he hopes Americans will temporarily ignore his economic inactions on their behalf inside the country.
Just last month, Trump placed sanctions on eight members of Venezuela's Supreme Court for allegedly stripping the country's National Assembly of power. Violent protests in Venezuela followed Trump's action.
The sanctions prevent officials from traveling or doing business in the U.S. The sanctions also freeze any assets the Venezuelans may have had abroad.
Easing travel and trade restrictions on Cuba is what Obama had in mind since his first of six rounds of Executive Orders were issued Dec. 17, 2014. But that is all headed for a screeching halt if Trump goes ahead with his Miami announcement this month, according to Engage Cuba.
Engage Cuba reports that it is a bipartisan non-profit whose funds are entirely dedicated to legislative advocacy efforts.
In a white paper, the organization argues Trump's rolling back Cuba policies, formerly enacted by the Obama administration, would cost the U.S. economy $6.6 billion and affect 12,295 jobs.