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NewsCBS News PoliticsMay 2, 2026United States

President Trump Expands Sanctions on Cuba

President Trump signed an executive order increasing sanctions on the Cuban government and foreign companies that conduct business with it. The measures target specific sectors including energy, defense, and finance, while threatening foreign banks with loss of access to U.S. markets if they continue to work with Cuban entities.

Foreign PolicySanctionsCubaInternational RelationsEnergyFinance
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Why It Matters

Foreign financial institutions and companies operating in Cuba's energy, defense, or financial sectors face potential loss of access to U.S. markets, which may impact international trade and energy supplies to the island.

Key Facts

  • President Trump signed an executive order tightening sanctions on the Cuban government.
  • The order targets individuals in Cuba's energy, defense, and financial services sectors.
  • Foreign financial institutions face loss of access to U.S. markets if they conduct business with Cuban government entities.
  • The sanctions aim to discourage involvement from foreign adversaries like Russia and China.
  • The administration has previously used tariffs to restrict foreign oil shipments to Cuba.
  • President Trump suggested the possibility of military action involving the USS Abraham Lincoln.
  • Secretary of State Marco Rubio called for economic and political reforms in Cuba.
  • Cuban President Miguel Díaz-Canel publicly condemned the measures as coercive.
  • The sanctions serve as an implicit warning against large-scale migration to the U.S.

Who's Mentioned

PersonCarlos Giménez“U.S. Representative from South Florida.”PersonMarco Rubio“U.S. Secretary of State.”otherUSS Abraham Lincoln“Aircraft carrier mentioned by the President in a speech regarding potential mili”locationChina“Foreign adversary warned by the sanctions.”PersonRaúl Castro“Former President of Cuba.”PersonMiguel Díaz-Canel“President of Cuba.”locationCuba“Target of the new U.S. sanctions.”PersonDonald Trump“President of the United States who signed the executive order.”locationRussia“Foreign adversary warned by the sanctions.”PersonAndy Gómez“Professor of Cuban studies at the University of Miami.”