Reported 1 day ago
President Donald Trump has proposed a novel economic strategy known as 'secondary tariffs,' threatening to impose a 25% tariff on countries purchasing oil from Venezuela. This move aims to curb Venezuela's oil trade and apply pressure on the nation amidst ongoing U.S. sanctions. Experts argue that this approach could heighten tensions with Latin American countries, particularly targeting China's involvement in the Venezuelan oil black market. The executive order grants the Secretary of State the power to determine which countries will be affected, signaling a shift towards tariffs as a tool for negotiation and revenue generation.
Source: YAHOO