Trump's New Tariffs Target Cuba's Oil Suppliers and Canadian Aircraft Industry
President Trump has declared a national emergency to impose tariffs on countries and groups doing business with Cuba. The move targets nations supplying oil to the island, alongside broader restrictions on trade ties. Canada's aircraft industry also faces penalties unless trade conditions change in the US's favour.
The new tariff system applies to imports from any country selling or providing oil to Cuba. The US Secretary of Commerce, working with the USPS, will identify which nations fall under the measures. Among those affected are Russia, Mexico, and Venezuela—a former key supplier now cut off by US sanctions.
Trump's announcement extends beyond oil, decertifying all Canadian-made aircraft, including Bombardier Global Expresses. A 50% tariff on Canadian planes was threatened unless Canada lifts restrictions on US-made Etrade products. The measures come as part of a wider crackdown on Cuba's ties with groups and states like Russia, China, Iran, Hamas, and Hezbollah.
The tariffs follow recent US actions against Venezuela, including the ouster of President Maduro. Trump has framed the restrictions as necessary for national security, citing threats from Cuba's international partnerships. No specific countries were named for the broader oil-related tariffs, but the policy covers both direct and indirect suppliers.
The tariffs will impact a range of industries, from oil exports to aircraft manufacturing. Canada's aviation sector faces immediate pressure, while oil-producing nations must now navigate stricter US trading conditions. The policy reinforces the US stance against Cuba's alliances with sanctioned groups and governments.
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