US President Donald Trump signed an executive order on January 29, 2026, authorizing potential additional ad valorem tariffs—of unspecified magnitude—on imports from any country that sells or delivers oil to Cuba, directly or indirectly. The order states: “An additional ad valorem customs duty may be imposed on imported goods produced in any country that sells or delivers oil to Cuba.” Ad valorem means the tariff rate would vary based on the estimated value of the goods. This move aims to escalate Washington’s pressure on Cuba and stems from Trump’s declaration of a national emergency, citing Cuba as an ‘unusual and extraordinary threat’ to US national security.
Trump Threatens New Tariffs on Countries Selling Oil to Cuba
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