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The President’s Inbox

Cuba on the Brink, With Michael Bustamante

The President’s Inbox

Council on Foreign Relations

Politics, News:politics, News

4.4734 Ratings

🗓️ 25 February 2026

⏱️ 36 minutes

🧾️ Download transcript

Summary

Michael Bustamante, Chair in Cuban and Cuban-American Studies at the University of Miami, sits down with James M. Lindsay to discuss the Trump administration’s maximum pressure campaign against Cuba.   Mentioned on the Episode:   Marc Caputo, “Exclusive: Rubio's Secret Squeeze on Raul Castro's Cuba,” Axios   For an episode transcript and show notes, visit The President’s Inbox at: https://www.cfr.org/podcasts/presidents-inbox/cuba-on-the-brink   Opinions expressed on The President’s Inbox are solely those of the host or our guests, not of CFR, which takes no institutional positions on matters of policy.

Transcript

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0:00.0

But I think there's something potentially different about this moment. What's happening now is just this

0:04.3

slow descent into something that feels very, very dark. Does what the United States doing right now

0:11.2

rise to a level of an act of war? A month and a half after removing Nicholas Maduro from power in

0:18.6

Venezuela, the Trump administration is turning up pressure

0:21.5

on another Latin American country, Cuba. What is the Trump administration seeking to accomplish

0:26.9

with its effort to deepen Cuba's isolation? How is Cuba's communist government responding to

0:32.0

Washington's intensifying economic pressure? In what might follow if the regime in Ivana falls?

0:38.6

From the Council on Foreign Relations, welcome to the president's inbox. I'm Jim Lindsay. Today I'm

0:44.6

being joined by Michael Bustamante, chair in Cuban and Cuban American Studies at the University of

0:50.8

Miami. Michael, thank you very much for joining me. Thanks for the invitation,

0:55.1

Jim. I'd like to jump right into it, Michael. Since the Trump administration captured Nicholas

1:01.9

Maduro early last month, it has turned up the economic pressure on Cuba. Could you walk me through

1:09.4

what it is that the administration has been doing?

1:12.8

Sure. Essentially, it's mostly about oil. When Nicolas Maduro fell, Cuba lost its largest and

1:21.9

most stable supplier of oil. And that's important for Cuba, because Cuba, while it produces about 40% of the oil

1:29.2

that it consumes, it imports the rest. And all of that imported oil fuels the power grid,

1:35.1

a power grid that had already been ailing. Just to give you an idea, Cuba had something like

1:41.6

five nationwide power outages last year, so prior to Maduro's removal.

1:47.2

So they've cut off Venezuelan supplies.

1:50.4

The U.S. owns where Venezuelan oil goes at the moment.

1:53.8

And they've also threatened tariffs on any country continuing to trade oil and supply oil to Cuba.

2:01.4

And that was an action really targeted at Mexico in particular,

...

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