Trump will issue the memorandum when he travels to Miami on Friday and delivers a speech that will roll back an opening to the communist-ruled island initiated by former president Barack Obama.
The tougher approach against Cuba is expected to launch significantly stricter enforcement of travel rules. A ban on US tourism to Cuba remains in effect and Americans will still be able to take commercial flights to Cuba, but only for 12 reasons -- from journalism to educational activities, the officials said, speaking on condition of anonymity.
The prohibition on "financial transactions" will target the Armed Forces Business Enterprises Group (GAESA), which is a military-backed tourism conglomerate involved in all sectors of the economy, including hotels. There are also expected to be exemptions for agricultural products as well as some air and sea operations.
Trump will change to a new policy when Cuba permits free and fair elections and releases political prisoners, a senior white house official added.
(With inputs from Reuters)
