Home news Trump to impose 25% tariff on countries that buy oil and gas from Venezuela – US politics live | US politics

Trump to impose 25% tariff on countries that buy oil and gas from Venezuela – US politics live | US politics

by wellnessfitpro

Trump to impose 25% tariff on countries that buy oil or gas from Venezuela

Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on trades made with the US.

This “secondary tariff” will take effect on 2 April, the president announced in a Truth Social post. He cited “numerous reasons” for the move, including his baseless repeated claim 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”.

He adds: “Among the gangs they sent to the United States, is Tren de Aragua, which has been given the designation of ‘Foreign Terrorist Organization’.” Tren de Aragua has been the organisation cited by Trump when he controversially invoked the Alien Enemies Act, a 1798 law meant only to be used in wartime, to deport more than 250 mainly Venezuelan alleged gang members to El Salvador last week. It was formally designated a “foreign terrorist organization” by the US last month.

In his post, Trump goes on: “In addition, Venezuela has been very hostile to the United States and the freedoms which we espouse.”

Finally, he referred to 2 April as “LIBERATION DAY IN AMERICA”.

In February, Trump announced the US would scrap a license granted to Chevron since 2022 to operate in Venezuela and export its oil and gave the company until April to wind down its operations there, after he accused President Nicolás Maduro of not making progress on electoral reforms and migrant returns.

Last week, the Wall Street Journal reported that Trump was considering a plan to extend Chevron’s license by 60 days and impose financial penalties on other countries that do business with the South American nation. It followed a meeting with Chevron’s CEO Mike Wirth and other top oil executives.

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Sam Levine

Sam Levine

After a little over an hour, oral arguments just ended in the supreme court challenging Louisiana’s congressional map. The justices seemed closely divided and it’s hard to know exactly how they’re going to rule.

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