The shift - coming on the two-year anniversary of Trump announcing his candidacy - takes aim at President Barack Obama's 2014 decision to end decades of detachment from the island nation, and bans US business with the military-run conglomerate that controls much of Cuba's economy.
President Barack Obama had acted unilaterally on easing some of the restrictions previous year including the reopening of the U.S. Embassy in the capital city of Havana.
JOHN YANG: The new policy bans transactions with enterprises, including hotels and other tourist-related businesses, ultimately owned by the Cuban military.
Rep. Ed Royce, chairman of the House Foreign Affairs Committee, said Obama's Cuba policy "led to more brutality, more repression and more political arrests". On the other hand, Trump pointed out that the measures taken by the Obama administration, like the Embassy of the United States in Havana and the diplomatic relations established in July 2015 will continue in force.
Although the speech didn't include many details on the specific policy, it was critical of the Obama administration's policy.
Officials said new rules will not "disrupt the existing business that has occurred".
The company said 65 percent of the people who booked Airbnb stays in Cuba were from outside the U.S. Airbnb is also available to tour groups. "Because if they had, they'd know that the only think that restricting travel will do is devastate Cubans working in the private sector who have relied on American visitors to provide for their families".
Christie, who is friends with Trump, raised Chesimard with the president several times, according to two sources with direct knowledge of the conversations who requested anonymity because they were not authorized to discuss the matter publicly.
None of these new regulations take effect immediately, a White House official said, adding that government agencies are expected to officially issue the regulatory amendments in the coming months. US airlines and cruise ships will still be allowed to serve the island.
"I had a feeling something might be up, so let's get on board and let's get over to Cuba as soon as was we can", he said.
Trump has long hanged his understanding of the deal between the United States and Cuba on his "Cuban friends" in Florida, whom he said throughout the campaign supported him over Democrat Hillary Clinton.
The trade embargo remains in place under Trump.
"We will review the extent of the tightening of the travel rules, but our guests have already been traveling under the 12 approved forms of travel" since the cruise line's first trip there more than a year ago, the company said in a statement. "He made that very clear in this speech, going after the Castro regime time and again accusing the government in Havana of rounding up innocent people, putting them behind bars purely for political reasons". There are just all these private business owners that have had a lot of interaction in the last few years, going to the United States, working with USA businesspeople, getting training in the United States and bringing those lessons back to Cuba.
Declaring Obama's pact with Castro a "completely one-sided deal", Trump said he was canceling it.
Trump said he is keeping the embassy open "in the hope that our countries can forge a much stronger and better path".
Still, it will be the latest attempt by Trump to overturn parts of Obama's presidential legacy. In other words, the Cuban government continued to act in its own interests with little regard for the economic pressure stemming from the embargo.
Here's a look at a dozen changes in policy undertaken during the Obama era and how they stack up against the new policy announced by Trump.
The son of a Cuban immigrant, Rubio opposed Obama's re-engagement with Cuba, saying Obama was making concessions to an "odious regime".