The embargo has been much more effective in hurting the US economy rather than the Cuban economy. According to the US Chamber of Commerce, the world's largest business organization, the Cuban Embargo has cost the United States 1.2 billion dollars annually in lost sales of agricultural exports such as corn, wheat, chicken, etc. A study by an American non-profit organization called The Cuba Policy Foundation, estimated that the annual cost to the US economy could be as high as $3.6 billion in other lost economic opportunities. This foundation also estimates that the loss to Cuba is only $685 million annually. So, this embargo is costing the United States up to $4.155 billion more a year than it costs Cuba (Pepper). This is a devastating and unnecessary blow to the US …show more content…
However, as American citizens, we must end this folly embargo and continue to restore diplomatic ties with Cuba. This blockade has only prevented the American economy from flourishing, deprived Americans from accessing new medical discoveries, and has limited the freedoms of the Cuban people. The effects of ending this embargo far outweigh the effects of maintaining it. It is evident that the 53 year old embargo has failed to create a difference in the lives of the Cuban people. We must obtain legislation approval to completely lift all sanctions on this island nation. We should not be held hostage to a government who is hostile to our democratic way of