After Threats, Trump Says the U.S. Can Make a Deal With Cuba

1 February 2026

The President of the United States, Donald Trump, stated on Saturday (31) that he believes the country could “make an agreement” with Cuba. The remark was made to journalists aboard Air Force One, during a trip to Florida.

The statement comes a few days after Trump threatened to impose tariffs on any country that provides oil to Cuba. The president again defended that the Cuban government should negotiate directly with Washington and said that the island’s economic situation is severe.

“It doesn’t have to be a humanitarian crisis,” Trump said. “I think they would probably come to us and would like to make an agreement. They have a very bad situation for Cuba. They have no money. They have no oil. They relied on money and on oil from Venezuela, and none of that is coming now,” he stated.

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In 2025, Venezuela was Cuba’s main oil supplier, meeting about one third of the country’s daily needs. Venezuelan supply fell after the United States blocked oil shipments, even before the capture of Venezuelan President Nicolás Maduro.

In January, Mexico, which became Cuba’s main oil supplier after shipments from Venezuela were interrupted in December, was reviewing the continuity of the deliveries. The assessment comes amid concerns about retaliations by the United States government.

(with Reuters)

James Whitmore

James Whitmore

I am a financial journalist specialising in global markets and long-term investment strategies, with a background in economics and corporate finance. My work focuses on translating complex financial data into clear, actionable insights for private investors and professionals. At Wealth Adviser, I contribute in-depth analysis on equities, macroeconomic trends, and portfolio construction.