March 25, 2025 9:17 AM

Trump’s 25% tariff threat on Venezuela oil imports could impact India

US President Donald Trump’s threat to impose a 25% tariff on exports from countries purchasing oil from Venezuela could have serious implications for India, which is already bracing for potential reciprocal US taxes next month. Trump announced on Truth Social on Monday that any country “that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25 per cent to the United States on any Trade they do with our Country.” India, which imported 63,115 barrels per day (bpd) f...