Trump expands Cuba sanctions with global reach, targeting foreign banks and firms

US President Donald Trump on Friday signed an executive order expanding sanctions on Cuba, authorising penalties not only against Cuban officials but also on foreign companies and financial institutions that do business with the island.
The order significantly broadens Washington’s ability to exert economic pressure, allowing US authorities to target third-country actors deemed to support the Cuban government, in a move that could have implications for global firms, including those in China and…