Question

what effect have the u.s.-cube trade embargo had on both countries

Answer 1

Answer:

The embargo on U.S. trade with Cuba was put into place in 1960 and, after a brief thaw under one president that promptly refroze with the next, there it stays today.

That said, for many years the travel embargo has had so many holes in it that plenty of U.S. citizens have gone back and forth, and at least three commercial airlines are ready to transport them there.

So, the opportunity for distributing the most familiar Cuban products in the U.S. may be long gone. But that doesn't mean there aren't other opportunities, both in goods imported to the U.S. and goods exported to Cuba.

There's still one big hurdle if you're a stickler for following rules set in the dim past. Reasonable estimates place the total value of U.S. assets seized by the Cuban government at somewhere in the $7 billion range. U.S. law requires that money to be repaid before the trade embargo can be lifted.