Cuba says US trade embargo blocks economic reforms

Cuban trade official Oscar Perez-Oliva denied reports of meetings with Trump business associates. He stated that the US trade embargo remains the biggest hurdle to new free-market reforms.

Cuba's Minister of Foreign Investment Oscar Perez-Oliva Fraga speaks at the 41st Havana International Fair (FIHAV) in Havana, Cuba November 25, 2025. REUTERS/Norlys Perez

Cuba dismissed reports that associates of U.S. President Donald Trump held business talks in Havana this year. The island's top trade official blamed the ongoing U.S. embargo for blocking historic economic reforms.

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