Trump says he’ll slap a 25% tariff on countries that buy oil from ‘very hostile’ Venezuela

Quick Summary:

Trump said Venezuela has been "very hostile” to the U.S.and countries purchasing oil from it will be forced to pay the tariff on all their trade to the U.S.starting April 2.

Trump said Venezuela will face a “Secondary” tariff because it is the home to the gang Tren de Aragua.

In February, Trump had announced an end to the Chevron-Venezuela relationship, in what became a financial lifeline for the South American country.

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Article Details

Author / Journalist: Josh Boak, The Associated Press

Category: EconomyBusiness

Markets: United StatesVenezuela

Topics: Tariffs and trade Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-25 @ 11:08:36 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 708 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 177 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27320487

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Official Website: fortune.com

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