Abstract
At the end of January 1934, Grant Watson reflected on the short-lived and tumultuous presidency of Ramón Grau San Martín: ‘Students of Cuban history will remember his term because a great change came over Cuba. The rule of the sugar magnates was shaken, at any rate, for the present – perhaps forever.’1 With Grau in exile, and Welles back in Washington, Roosevelt’s administration concentrated on restructuring close US–Cuban politico-economic ties. In 1934, the abrogation of the terms of the Platt Amendment (excepting the clause on US retention of the Guantánamo naval station), and the negotiation of a new reciprocity agreement, fundamentally altered the basis of their relationship. Under the Jones–Costigan Act of May 1934, the US duty on Cuban sugar imports fell from 2 cents to 1.5 cents and in August reduced further to 0.9 cents per pound. The 1934 Reciprocity Treaty guaranteed Cuba an annual percentage of the US sugar market while giving preferences to specific US manufactures.2
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© 2013 Christopher Hull
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Hull, C. (2013). Sugar and the Anglo–Cuban Commercial Treaty. In: British Diplomacy and US Hegemony in Cuba, 1898–1964. Palgrave Macmillan, London. https://doi.org/10.1057/9781137301765_6
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DOI: https://doi.org/10.1057/9781137301765_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-33352-3
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