This week on Twitter, President-elect Donald Trump threatened to put an end to the “normalization” of US and Cuban relations initiated by President Barack Obama. “If Cuba is unwilling to make a better deal for the Cuban people, the Cuban/American people, and the US as a whole,” Trump wrote as news sources flooded the internet with stories about the death of the Cuban dictator, “I will terminate [the] deal.”
The Obama administration has done little to lift the barriers to trade.The following day, Obama’s press secretary, Josh Earnest, commented on the incoming president’s threats, adding that severing the blossoming business and tourism ties between the two countries is “just not as simple as one tweet might make it seem.”
“There are significant diplomatic, economic, [and] cultural costs that will have to be accounted for if this policy is rolled back,” he added.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More
But despite his remarks, the Obama administration has done little to emphasize the importance of simply lifting barriers to trade between the two countr