"They added that the EU would consider taking the matter before the Geneva-based WTO, and would consider using the EU Blocking Statute which allows EU companies sued in the United States to recover any damage through legal proceedings against U.S. claimants before EU courts".
He says the new measures will help steer USA dollars away from the Cuban government, its military or its security services. The move could affect dozens of Canadian and European companies doing business in Cuba - embroiling the businesses in litigation that could cost them billions of dollars and upending relations between Washington and its traditional allies.
Instead, the policy seems to be blundering the U.S. into a very ugly military confrontation in Venezuela, while trying to vilify Cuba for having ties to Venezuela that long predate the administration's decision to start demanding regime change in Venezuela.
In his announcement, Secretary Pompeo warned that "any person or company doing business in Cuba should heed this announcement", and "those doing business in Cuba should fully investigate whether they are connected to property stolen in service of a failed communist experiment".
They warn that European Union and Canadian laws allow counter-claims against any US lawsuits "so the USA decision to allow suits against foreign companies can only lead to an unnecessary spiral of legal actions". The new measures restricted Cuba's border policies and allowed exiles to sue for properties seized by the former Fidel Castro-led Cuban government, The Washington Post reported.
Strong storms eyeing South Florida this evening
The line of storms moving eastward is expected to linger in the Triangle until 10 p.m. according to the National Weather Service. At least three other people have been killed in the massive thunderstorms that pounded parts of MS and Alabama on Thursday.
In their letter, Mogherini and Malmstrom urged Pompeo to stick to what they said was an agreement on managing policy differences over Cuba under which the United States waived Title III and the European Union suspended a threatened case at the World Trade Organisation against Washington.
In a Miami speech last November, just before the US midterm elections, Bolton referred to the three countries as the "Troika of Tyranny". The designations come as part of an effort to ramp-up pressure against Venezuelan President Nicolas Maduro. The Trump administration's decision is not expected to drive out major foreign players like Pernod-Ricard of France, which makes Havana Club rum, or Spanish hotel chains Melia or Iberostar, but it could prove a major obstacle to new investment from foreign companies.
Pompeo says, "Those citizens' opportunities for justice have been put out of reach for two decades".
In response to the intensification of U.S. pressure on Cuba, the European Union on Wednesday warned the United States against potential moves that would impact European interests in Cuba.
Word of the move prompted stern responses from Canada and Europe, which have vowed to protect their businesses from lawsuits.
But Canada and its European allies have pushed the Trump administration to continue to suspend use of the dormant Title III section of the 1996 Helms Burton Act, which allows Americans to sue foreign companies linked to Cuban properties that were confiscated after the revolution in 1959.