POLITICSFORTUNE
Trump’s Cuba sanctions force the island’s biggest economic shift since Castro: towards capitalism
Cuba's new free-market reforms include 176 measures to decentralize its state-run economy, driven by U.S. sanctions under Donald Trump. The reforms permit private businesses, foreign trade, and private banks, marking a significant shift from the communist model. Cuban leaders, including Raúl Castro's grandson, emphasize diversifying the economy but note challenges from ongoing U.S. embargoes.
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- Cuba pushes through sweeping free-market reforms in biggest economic shift since the revolution
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