The Cuban government reacted happily and stated that they are ready to continue the respectful dialogue and cooperation.
President Trump is en route to Miami, where he'll announce his plans for halting the flow of USA cash to Cuba's military and security services while maintaining diplomatic relations, in a partial reversal of the Obama administration policies.
"We will continue to urge the Trump Administration and Congress to recognize and utilize travel as a strategic tool in efforts to improve relations with Cuba, allowing us to be part of a promising future, as opposed to reverting to the policies of the past".
"The government of Cuba denounces the new measures toughening the embargo" imposed since 1962, according to the statement.
The policy also would restrict the flow of American dollars to the military, security and intelligence services that are central to the government led by President Raul Castro, with Trump commenting that "we do not want USA dollars being used to prop up a military monopoly that exploits and abuses the citizens of Cuba".
And, especially, American travelers coming to Cuba have given this economy a much-needed boost. But scheduling the trip indicates the Cuba policy, which has been undergoing drafts for several weeks, will be imminently finalized.
In a memo from the Trump administration, it notes "any further improvements in the United States-Cuba relationship will depend entirely on the Cuban government's willingness to improve the lives of the Cuban people", and also mandates regular reporting of progress toward this objective.
Trump said that easing restrictions on trade and travel only helps the Castro government, and he wants United States money to go only to the fledgling private sector. Although a ban on tourism remained in place under the Obama administration, White House officials said many Americans skirted the rules by declared their trip to Cuba fell under one of the allowed categories, such as education or professional research.
Many government officials and their supporters saw the Obama policy as an attempt to lull Cuba into complacency and undermine the foundations of a communist system based in part of near-total control of virtually every aspect of society, from animal-rights groups to the film industry.
However, President Trump is not rowing back on all parts of Obama's deal.
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The rules apply to all "persons subject to USA jurisdiction", which includes foreign visitors planning to fly from America to Cuba.
The US president framed it as a move against a "cruel and brutal" regime: bypassing the state military-run business group GAESA to channel investment to the people.
Jonny Lopez De la Cruz, a 77-year-old Bay of Pigs veteran, said he was overcome with "great emotion", adding that the Cuban people deserve freedom after 58 years of suffering.
Trump's announcement on Friday in Miami reverses the advances made in the past two years since 2014 when Castro and Obama revealed their decision to restore diplomatic relations and begin the process of normalising bilateral ties.
Under Trump's order, the Treasury and Commerce departments will be given 30 days to begin writing new regulations, which will not take effect until they are complete.
Some travelers said they understood why Trump did not want USA dollars going to the Cuban military but others said it would hurt Cubans who benefited from the recent tourism boom, using generous American tips to support their families.
While it would take an act of Congress to lift the USA embargo against Cuba, much of what Obama managed to pull off in terms of thawing relations was accomplished via executive orders, meaning Trump would in theory be able to undo many of them. "Trump is trying to adjust in a way that doesn't help the (Cuban) government that much". "A lot of jobs have been created in the private sector to serve the people traveling to Cuba". The moves to be announced by Trump are only a partial reversal of Obama's policies, however.
It's being called a major rollback in United States policy toward Cuba.