top of page

Trump threatens tariffs on any nation supplying Cuba with oil

U.S. President Donald Trump has signed an executive order to impose tariffs on any country supplying oil to Cuba, intensifying economic pressure on the Communist‑run island amid deepening energy shortages and geopolitical tensions.

January 30, 2026

Kanishka Singh and Jasper Ward/Reuters

Trump threatens tariffs on any nation supplying Cuba with oil

A floating power plant is docked on Havana Bay, after U.S. President Donald Trump vowed to stop Venezuelan oil and money from reaching the island as Cubans brace for worsening fuel shortages amid regular power outages, in Havana, Cuba January 12, 2026.

Norlys Perez/Reuters

U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communist-run island.


The move, authorized by an executive order under a national emergency declaration, did not specify any tariff rates or single out any countries whose products could face U.S. tariffs.


Emboldened by the U.S. military's seizure of ousted Venezuelan President Nicolas Maduro in a deadly raid earlier this month, Trump has repeatedly talked of acting against Cuba and pressuring its leadership.


Trump said this week that "Cuba will be failing pretty soon," adding that Venezuela, once the island's top oil supplier, has not recently sent oil or money to Cuba.


Trump has used tariff threats as a foreign policy tool throughout his second term in office.


Cuba's president said this month Washington had no moral authority to force a deal on Cuba after Trump suggested the Communist-run island should strike an agreement with the U.S.

-Kanishka Singh and Jasper Ward/Reuters

TOP BUSINESS STORIES

Nepal rebuilding after floods may cost a tenth of economy

Nepal rebuilding after floods may cost a tenth of economy

US intensifies sanctions as war weighs down Iran's economy

US intensifies sanctions as war weighs down Iran's economy

GLOBAL MARKETS: Asia shares cautious ahead of Federal Reserve's Jackson Hole Symposium

GLOBAL MARKETS: Asia shares cautious ahead of Federal Reserve's Jackson Hole Symposium

LATEST NEWS

Heavy rains endanger 8,800 barangays with landslides, floods

Heavy rains endanger 8,800 barangays with landslides, floods

Low-lying areas warned as La Mesa Dam overflows

Low-lying areas warned as La Mesa Dam overflows

Rains may trigger lahar from Pinatubo, Taal volcanoes, Phivolcs warns

Rains may trigger lahar from Pinatubo, Taal volcanoes, Phivolcs warns

bottom of page