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Despite Trump's Tighter US Restrictions, the Cuban Cigar Market Continue to Soar

According to a Reuters news report, a surge in sales of Cuba’s legendary cigars in China helped manufacturer Habanos S.A.’s global revenue rise 12% to hit a record of around $500 million last year, the company said yesterday at the start of the 20th Habano Festival, Cuba’s annual cigar festival. Habanos Vice President of Development, Jose María Lopez told Reuters that United States President Donald Trump’s more hostile policy toward Cuba, including tighter restrictions on US travel, did not appear to have impacted sales so far. Domestic revenue rose around 15% last year.

Full story available here.

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