New Cuba Rules Could Flood Island With U.S.-Made Goods
The U.S. Treasury and the U.S. Department of Commerce published revised Cuba sanction regulations that left many business owners and trade industry practitioners surprised. The vague wording in the regulations seems to allow Americans to sell any "tools, equipment, supplies and instruments for use by private-sector entrepreneurs" in Cuba.
"I don't think any of us expected something quite as wide as this," said Holland & Knight's Cuba Action Team attorney Ron Oleynik. "These are fairly careful people who drafted these (rules), so they didn't do it blindly. They did it with an eye to leaving them vague."