Reported 1 day ago
President Donald Trump has announced a 25% tariff on any country purchasing oil and gas from Venezuela, aiming to diminish revenue for Nicolás Maduro's regime and increase pressure on nations like China that buy Venezuelan crude. The tariff will take effect on April 2, 2025, and is part of a broader trade strategy during a period of escalating tensions between the United States and Venezuela. This decision follows a recent rise in Venezuelan oil exports and various sanctions imposed by the Trump administration after the easing of restrictions under President Biden.
Source: YAHOO