March 24, 2025 10:18 PM
Trump to impose 25% tariff on countries that buy oil, gas from Venezuela
U.S. President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the United States. This "secondary tariff" will take effect on April 2, Trump said in a Truth Social post. Trump said he is imposing the move because, he said, Venezuela has sent "tens of thousands" of people to the United States who have a "very violent nature." Earlier this month, Trump issued a 30-day wind down of a license that the U.S. had granted t...