• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsWhite House

Trump says Cuba has ‘no money’ and ‘maybe we’ll have a friendly takeover’

By
Will Weissert
Will Weissert
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Will Weissert
Will Weissert
and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 28, 2026, 11:12 AM ET
trump
President Donald Trump speaks to reporters before departing on Marine One from the South Lawn of the White House, Friday, Feb. 27, 2026, in Washington. AP Photo/Tom Brenner

President Donald Trump said Friday that the U.S. is in talks with Havana and raised the possibility of a “friendly takeover of Cuba” without offering any details on what he meant.

Recommended Video

Speaking to reporters outside the White House as he left for a trip to Texas, Trump said Secretary of State Marco Rubio was in discussions with Cuban leaders “at a very high level.”

“The Cuban government is talking with us,” the president said. “They have no money. They have no anything right now. But they’re talking to us, and maybe we’ll have a friendly takeover of Cuba.”

He added: “We could very well end up having a friendly takeover of Cuba.”

Trump didn’t clarify his comments but seemed to indicate that the situation with Cuba, a communist-run island that has been among Washington’s bitterest adversaries for decades, was coming to a critical point. The White House did not respond to requests for more information Friday.

The president also said that Cuba “is, to put it mildly, a failed nation” and “they want our help.”

His remarks came two days after the Cuban government reported that a Florida-registered speedboat carrying 10 armed Cubans from the U.S. opened fire on soldiers off the island’s north coast. Four of the armed Cubans were killed, and six were injured in responding gunfire, according to Cuba’s government. One Cuban official also was injured.

Cuba has been on Trump’s mind since at least early January, after U.S. forces ousted one of Havana’s closest allies, Venezuela’s socialist President Nicolás Maduro. Trump suggested in the aftermath of that raid that military action in Cuba might not be necessary because the island’s economy was weak enough — particularly in the absence of oil shipments from Venezuela that stopped after Maduro was taken into custody — to soon collapse on its own.

“We’ve had a lot of years of dealing with Cuba. I’ve been hearing about Cuba since I’m a little boy. But they’re in big trouble,” he said Friday.

Then, noting the exile community from the island living in the U.S., Trump said there could be something coming that “I think (is) very positive for the people that were expelled, or worse, from Cuba and live here.” He did not elaborate.

The U.S. has maintained a strict trade embargo on Cuba since 1962, the year after a failed, CIA-sponsored invasion of the island at the Bay of Pigs. Trump nonetheless indicated earlier this month that talks with Cuban officials were underway.

Cuba’s government confirmed earlier this week that it was communicating with U.S. officials following the shooting of the American boat. Rubio has said the U.S. Department of Homeland Security and Coast Guard are investigating what happened.

An executive order that Trump signed in late January pledged to impose tariffs on countries providing oil to Cuba, threatening to further cripple a country already plagued by a deepening energy crisis, though U.S. authorities have since indicated that oil from Venezuela can be sold to Cuban interests in some cases.

Carlos Fernández de Cossío, Cuba’s deputy foreign minister, posted, then later deleted on Friday that “the US maintains its fuel embargo against Cuba in full force, and its impact as a form of collective punishment is unwavering.”

“Nothing announced in recent days changes this reality,” he wrote on X before the post was removed. “The possibility of conditional sales to the private sector already existed and does not alleviate the impact on the Cuban population.”

Meanwhile, 40-plus U.S. civil society organizations sent a letter to Congress on Friday asking that it “press the Trump administration to reverse its aggressive policy towards Cuba” and saying that efforts to cut oil shipments to the Caribbean island would spark a humanitarian collapse.

Signees included the Alliance of Baptists, ActionAid USA and the Presbyterian Church.

“Policies that deliberately impose hunger and mass hardship on millions of civilians constitute a form of collective punishment, and as such are a grave violation of international humanitarian law,” the letter reads.

___

Associated Press writer Dánica Coto contributed from San José, Costa Rica.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Will Weissert
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

lu
Lawspying
Was it a secret Chinese spy headquarters or a ping-pong parlor? New York Chinatown case goes to trial
By Michael R. Sisak and The Associated PressMay 6, 2026
3 hours ago
UCLA
LawColleges and Universities
‘Highly qualified White, Asian, and other students were denied admission’: DOJ accuses UCLA of discrimination
By Heather Hollingsworth, Nick Lichtenberg, Collin Binkley and The Associated PressMay 6, 2026
3 hours ago
turner
PoliticsMedia
Understanding the legacy of Ted Turner and the creation of the 24-hour news cycle: ‘there is no hyperbole here’
By Jocelyn Noveck, Wyatte Grantham-Philips and The Associated PressMay 6, 2026
3 hours ago
turner
PoliticsObituary
He was ‘The Mouth of the South’ and ‘Captain Outrageous,’ but Ted Turner said ‘If only I had a little humility, I’d be perfect’
By David Bauder and The Associated PressMay 6, 2026
3 hours ago
A boat in the strait of hormuz.
EnergyShipping
Cargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
By Mae Anderson, David McHugh and The Associated PressMay 6, 2026
6 hours ago
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
Real EstateTaxes
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
By Catherina GioinoMay 6, 2026
7 hours ago

Most Popular

A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
Magazine
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
20 hours ago
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
Success
Tokyo is throwing out its strict office dress code and asking workers to wear shorts amid the war in Iran energy crisis
By Emma BurleighMay 5, 2026
1 day ago
Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: avoid retiring early, study finds
By Sasha RogelbergMay 5, 2026
1 day ago
Dario Amodei spent last year warning of an AI white-collar bloodbath. Now he's changing the narrative
Economy
Dario Amodei spent last year warning of an AI white-collar bloodbath. Now he's changing the narrative
By Nick LichtenbergMay 5, 2026
1 day ago
Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while 'hanging out with all the interns'—she quit and raised millions after
Success
Mark Zuckerberg once gave a Facebook engineer startup advice at 2 a.m. while 'hanging out with all the interns'—she quit and raised millions after
By Orianna Rosa RoyleMay 6, 2026
9 hours ago
Current price of silver as of Tuesday, May 5, 2026
Personal Finance
Current price of silver as of Tuesday, May 5, 2026
By Joseph HostetlerMay 5, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.