Bellevue University ?cuban Trade Embargo Has Impacted the United States Essay

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Bellevue University

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Cuban Trade Embargo has impacted the United States.

1. concentrate your efforts on researching what industries were impacted when the trade embargo was enacted in 1960. How did that impact affect the U.S. GDP and its economy?

2. concentrate your efforts on how the trade embargo affected the U.S. tourism industry.

3. concentrate your efforts on the concept of government actions. What did this embargo cost the U.S taxpayers?

4. concentrate your efforts on how U.S industries will be affected by lifting the embargo.

5. concentrate your efforts on researching how lifting the embargo will impact the U.S. economy and GDP

Now it is time to assemble your weekly research into a research paper. The last portion of your paper should be an analysis of your research. What did you find out?

Your research paper should be at least 2,000 words in length and written in APA format, with at least five sources. This paper needs to outlined as well for a 8-10 minute power point.

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RUNNING HEAD: DISCUSSION

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DISCUSSION
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Course
Professor
[Name of the institution]
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DISCUSSION

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Cuban Trade Embargo has impacted the United States
Outline


The United States of America is one of the superpowers, and its trade is well known in
all the countries.



The United States of America used to have good relationships with Cuba, and they both
used to have effective trade imports and exports.



The trade embargo occurred between Cuba and the United States of America in the
1960s, and according to the embargo, the United States of America put restrictions of
Cuban products to be imported and exported.



It was signed between Cuba and the United States of America in 1960 to buy sugar and
other products, in return, it has sold to Cuba.



The sugar and oil industries of the United States of America are the most affected ones.
They had to suffer a significant loss, but the government had to see overall trade
relationships with Cuba.



Due to high burden on the economy of the U.S.A., 52 percent of people wanted the
embargo to be lifted, and 67 percent wants to end the restrictions on travel immediately.



U.S.A. economy had to face a severe shock because of the Cuba embargo bur the
government decided not to lift it. U.S.A. tax holders had to pay $1.2 billion extra per
year.



Moving on, taxpayers and the businessmen related to sales and marketing industry have
to face the loss of $4.84 billion annually.



The efforts are being made for the uplifting of embargo from the U.S. and Cuba, and it
is expected that the industries will make progress, and the strength of U.S.A. industries
will increase.



If the embargo is lifted, the G.D.P. will go up, and the working potential of workers
will be increased. It is expected that G.D.P. will grow 2.3-3.5 points annually as the
embargo will be lifted.



References


RUNNING HEAD: DISCUSSION

1

DISCUSSION
By
[Name of Student]

Course
Professor
[Name of the institution]
Date

DISCUSSION

2

Cuban Trade Embargo has impacted the United States.
Introduction:
The United States of America is one of the superpowers, and its trade is well known in all
the countries. It tries to have trade relations with all the countries that can give it the
benefits. It believes in the concept of giving and takes theory. It knows the excellent trade
relationships will help it to develop more and enhance its capacity to flourish its economy.
1. Concentrate your efforts on researching what industries were impacted when the
trade embargo was enacted in 1960. How did that impact affect the U.S. G.D.P.
and its economy?
The United States of America used to have good relationships with Cuba, and they both
used to have effective trade imports and exports. The trade embargo occurred between
Cuba and the United States of America in the 1960s, and according to the embargo, the
United States of America put restrictions of Cuban products to be imported and exported.
It is still enforced, and Cuban citizens are not allowed to travel to the U.S.A., and the
products are yet banned. In the result, if an embargo, the industries in the U.S.A. got
positively affected and G.D.P. was drastically down because of the ban put on Cuban
products.
It was signed between Cuba and the United States of America in 1960 to buy sugar and
other products, in return, it has sold to Cuba. The U.S.A. made a trade treaty against the
oil, but later on, U.S. oil firms in Cuba were asked to stop the supply of oil, and on the other
hand, the sugar quota of Cuba valued three million tons annually was cancelled. Both the
countries suffered the loss, but the government of the U.S.A. was not agreed to uplift the
ban. It requires the whole country to follow the restrictions and stop the relationship with
Cuba (Jaffery, 2011).
The sugar and oil industries of the United States of America are the most affected ones.
They had to suffer a significant loss, but the government had to see overall trade
relationships with Cuba. It was blamed that Cuba did not follow U.S.A. import rules and
regulations and violated specific laws due to which the ban was put on the country. The
export and import of all the industries were made zero except the food and medicine, and
t...


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