Former U.S. President Donald Trump has broadened sanctions against Cuba, authorizing penalties not only for Cuban officials but also for international companies and financial institutions conducting business with the island. This executive order significantly extends Washington's economic leverage, potentially impacting global firms, including those in China, by targeting third-country entities deemed supportive of the Cuban government.

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....