
According to the White House, Trump’s executive order introduces tariffs on goods from nations supplying oil to Cuba, further tightening U.S. trade restrictions amid geopolitical tensions.
On January 30, the White House confirmed that President Donald Trump signed an executive order declaring a national emergency. The order sets out a framework for imposing tariffs on goods from countries that sell or provide oil to Cuba, tightening U.S. trade restrictions on the island. This measure could affect multiple nations engaged in oil transactions with Cuba. The announcement coincided with increased investor caution, as spot gold rose 1.17% intraday to $5,430 per ounce amid heightened geopolitical uncertainty.