This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

The White House may announce the reimplementation of at least some restrictions on travel between the US and the island nation of Cuba as soon as this Friday during a speech by the President in Miami, although a decision could still be delayed according to administration officials.

According to The New York Times, the President is considering tightening travel rules and restricting US companies from doing business with many Cuban companies, but may retain the diplomatic ties established by his predecessor, President Obama, beginning in 2014. It’s unclear exactly what new rules might be put in place, but the administration has been conducting a review of the liberalization policies implemented by Obama, and the results of that review are expected to be sent to Trump and his national security advisers this week. The President is being lobbied to reimpose restrictions by some members of Congress who want to pressure the Cuban government to improve its record on human rights.

The current rules allow US citizens to travel to Cuba so long as they fall into a specific set of 12 criteria, which include educational activities, humanitarian projects and support for the Cuban people. Although in theory tourist visits are still prohibited, in practice it’s relatively easy to qualify for one of the proscribed categories and travelers such as TPG himself have made multiple trips to the island in recent years.

Iberostar Tainos Resort in Varadero, Cuba.
The all-inclusive Iberostar Tainos Resort in Varadero, Cuba.

While it was expected the loosening of restrictions would result in significantly more US visitors to Cuba, in some cases travel companies appear to have overestimated consumer interest. Commercial airlines originally applied for dozens of new routes between US and Cuban cities, but have since cancelled or suspended some of those flights due to oversupply and a lack of demand. However, other parts of the travel industry continue to roll out Cuba expansion plans, and the overall sector remains strongly against any tightening of travel rules.

But if you’ve been hoping to travel to Cuba, you might not need to be concerned just yet. It’s impossible to know right now how onerous any new restrictions might be, and it’s also conceivable that tighter rules won’t end up coming to fruition at all, as we saw with the European in-cabin electronics ban. So we’ll just have to sit tight and wait to see what happens when all is said and done.

H/T: The New York Times

Know before you go.

News and deals straight to your inbox every day.

2018 TPG Award Winner: Mid-Tier Card of the Year
Chase Sapphire Preferred® Card

NEW INCREASED OFFER: 60,000 Points

TPG'S BONUS VALUATION: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

Apply Now
More Things to Know
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
18.24% - 25.24% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.