Cuban-American millionaires meet in Miami to back Trump on Cuba

A group of Cuban-American millionaires linked to the Republican Party met on Tuesday in Miami to support the Trump administration for democratic change in Cuba. They expressed willingness to invest millions on the island once democracy is established, requesting initial U.S. oversight. They plan further meetings, hoping Secretary of State Marco Rubio will attend the last one.

Business leaders including Ernesto Rodriguez, Michael Fux, Omar Sixto, and Nick Gutierrez attended the meeting organized to back the Trump administration. Rodriguez, an executive committee member, stated they seek "real and effective change in a democratic Cuba." The group plans at least three more meetings.

Michael Fux, who left Havana in 1958 and built his fortune in Miami's mattress industry, argued the U.S. should oversee the initial transition phase. "At least until Cuba gets back on its feet," he said, noting the country thrived before Castro.

Omar Sixto rejected Cuban Deputy Prime Minister Oscar Perez-Oliva's proposal, stressing investments would follow if Cuba becomes free, sovereign, and protects private enterprise via a constitution. Lawyer Nick Gutierrez, specializing in claims for properties confiscated in the 1960s, said "the freedom of the Cuban people is near" and praised the Trump administration's support.

The gathering coincided with controversy over the Trump administration's authorization of fuel exports from Florida firms to Cuba's private sector, including Hugo Cancio's business, which backs negotiations without preconditions. Rodriguez noted the event was for conservatives but they welcome others in future for economic backing.

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Illustration of Trump threatening to halt oil aid to Cuba, with defiant Cuban leader and solidarity symbols.
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Trump threatens to cut off oil aid to Cuba

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U.S. President Donald Trump threatened to halt oil and financial aid to Cuba from Venezuela, urging the island to strike a deal with Washington. Cuban President Miguel Díaz-Canel rejected the threats, reaffirming national sovereignty and readiness to defend the homeland. Several international figures and groups expressed solidarity with Cuba.

Amid Cuba's economic and fuel crisis, Senator Marco Rubio will lead US negotiations demanding an end to the dictatorship, according to expert analysis. President Miguel Díaz-Canel announced no oil shipments since December, linked to Donald Trump's pressure on Russia and Mexico. While discrepancies exist over bilateral talks, consensus suggests any solution will require deep political reforms.

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President Donald Trump has indicated that Cuba's communist government is nearing collapse and suggested dispatching Secretary of State Marco Rubio to the island. He described the situation as ripe for a 'friendly takeover' while highlighting Cuba's severe economic troubles. This comes after U.S. actions in Venezuela disrupted Cuba's oil supplies.

Deputy Prime Minister Oscar Perez-Oliva announced that Cubans abroad can partner with private and state businesses in Cuba, open bank accounts, and receive land in usufruct. The measures aim to attract diaspora financing amid US sanctions. The announcement follows Havana's recent admission of dialogue with Washington.

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Opposition leader María Corina Machado met US Secretary of State Marco Rubio at the State Department on January 28, 2026, in a charm offensive to shape Venezuela's transformation after Nicolás Maduro's US-captured detention. The visit aligned with Rubio's same-day Senate testimony defending the Trump administration's stabilization strategy.

One week after a February 25 gunfire exchange off Cuba's Villa Clara coast that killed four on a Florida boat, US leaders including Secretary Rubio, President Trump, and VP Vance pledged investigations and hinted at policy shifts, amid a regional summit snubbing Cuba and new US fuel aid announcements.

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Cuba's Granma newspaper labeled the Trump administration's operation that captured Venezuelan President Nicolás Maduro as a 28-week interventionist campaign led by Marco Rubio, citing alleged military aggressions and violations of international law, following Rubio's earlier defense of the action.

 

 

 

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