Obama to Announce Easing in U.S.-Cuba Relations
December 17th, 2014Via: Bloomberg:
President Barack Obama will end the U.S. isolation of Cuba that has persisted for more than a half century, initiating talks to resume diplomatic relations, opening a U.S. embassy in Havana and loosening trade and travel restrictions on the nation.
The steps effectively end an embargo that has been one of the most durable elements of U.S. foreign policy. Travelers will be able to use credit cards in Cuba and Americans will be able to legally bring home up to $100 in previously illegal Cuban cigars treasured by aficionados.
Obama is scheduled to deliver remarks from the White House at 12:01 p.m. Washington time, about the same time that Raul Castro is set to speak in Cuba. The two spoke yesterday about the deal, an administration official said.
