Did the embargo serve any purpose

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Reference no: EM133481989

Problem

For many years Cuban cigars could not be imported into the United States. Much of this was due to a trade embargo in place with Cuba, blocking all imports into the US. This was lifted in 2016 however.

Prior to the embargo lift, Cuban cigars were often smuggled into the US. Along with the smuggled cigars, counterfeits were often made and then sold (at a high cost!) to US consumers. Knowing that these cigars were accessible through the black market, did the embargo serve any purpose?

Reference no: EM133481989

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