Trading with the Enemy Act of 1917

Trading with the Enemy Act is a U.S. law that prohibits U.S. citizens to do business with companies if they are owned by citizens of a foreign state, which belongs to the political enemies of the United States. Currently, the prohibition applies only to Cuba. The trade sanctions against North Korea were lifted in August 2008.

Examples

During World War II it was prohibited by the Trading with the Enemy Act to trade with citizens of the Axis Powers trade. So in the year 1942 were shares which, as the bank had Prescott Bush, grandfather of former U.S. President George W. Bush, held at the Union Banking Corporation, expropriated and compensated violate the Trading with the Enemy Act.