Trump: Any Country Buying Venezuelan Oil Slapped With 25% Tariff
President Donald Trump is imposing a 25% ‘Secondary’ tariff on Venezuela, and a 25% tariff on “any Country that purchases Oil and/or Gas from Venezuela,” payable to the United States “on any Trade they do with our Country.”
Trump cited “the fact that Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature,” in his 25% tariff on Venezuela, and says the additional 25% tariff punishing anyone buying oil or gas will begin on April 2nd.
Needless to say, the news sent oil immediately higher in Monday trade.
The move would particularly affect China, which has been a major purchaser of Venezuelan crude – and it’s unclear i) if China will agree to be impacted by unilateral tariffs and ii) how the US would enforce them against China.
Venezuelan crude exports had risen to a five-year high in February before the Trump administration said it was forcing Chevron to wind down its operations by April 3. Chevron had sought more time to conclude operations with Venezuela’s state-owned Petroleos de Venezuela. In canceling the deal, Trump announced in a post on Truth Social that he was ”reversing the concessions” of the “oil transaction agreement, dated November 26, 2022.”
These were concessions enacted by his Democratic predecessor Joe Biden, which had allowed Chevron Corp – active in the Latin American country for a century – to produce and sell oil in Venezuela despite sanctions.
The news comes one day after Venezuela agreed to resume accepting US deportations of illegal immigrants, and is sure to escalate tensions with the Maduro government as Trump seeks to crack down on the Venezuelan gang, Tren de Aragua.
In February, Trump ordered the termination of a key oil deal with Venezuela,
What’s going on here?
Trump cracking down on Venezuela and Iran oil production (~5MM bpd) while backchanneling with Saudis/UAE to allow OPEC+ to boost overall output in April, and leaving some space for US producers. https://t.co/flVwSmEUKr
— zerohedge (@zerohedge) March 24, 2025
* * *
Tyler Durden Mon, 03/24/2025 – 10:55
Source: https://freedombunker.com/2025/03/24/trump-any-country-buying-venezuelan-oil-slapped-with-25-tariff/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,686,353,534 |
| Stories: | 8,385,920 |
Whistler Blowers, Insiders
