"Effective immediately, I am canceling the last administration's completely one-sided deal with Cuba. I am announcing today a new policy just as I promised during the campaign. And I will be signing that contract right at that table in just a moment," Trump told a cheering crowd of Cuban Americans in Miami, Florida.
"Our policy will seek a much better deal for the Cuban people and for the United States of America. We do not want US dollars to prop up a military monopoly that exploits and abuses the citizens of Cuba. Our new policy begins with strictly enforcing US law," he said.
Trump said he will not lift sanctions on Cuba unless it releases all political prisoners and respects freedoms.
"We will not lift sanctions on the Cuban regime until all political prisoners are freed, freedoms of assembly and expression are respected, all political parties are legalised and free and internationally supervised elections are scheduled elections," Trump said.
"We will very strongly restrict American dollars flowing to the military, security, and intelligence services that are the core of the Castro regime. They will be restricted. We will enforce the ban on tourism. We will enforce the embargo," he said.
"We will take concrete steps to ensure that investments flow directly to the people so they can open private businesses and begin to build their country's great, great future, a country of great potential," he said amidst a loud applause from the audience.
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