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

  • Donald Trump announced a 25% tariff on countries buying oil or gas from Venezuela, effective April 2, 2025.
  • The tariffs are part of a strategy against Venezuela, targeting its alleged links to gang violence and criminal activity.
  • Trump's administration revoked Chevron's license to operate in Venezuela, significantly impacting the country's oil production.
  • The U.S. Imported 8.6 million barrels of oil from Venezuela in January 2025, with China being the largest buyer of Venezuelan oil.
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The Korea TimesThe Korea Times
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Trump to impose sharp tariff on countries buying Venezuelan oil

U.S. President Donald Trump announced Monday steep tariffs on imports from countries buying Venezuelan oil and gas, a punitive measure that could hit China and India, among others, and sow fresh global trade uncertainty.

·Korea, Republic of
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Orinoco Tribune broke the news in on Sunday, March 23, 2025.
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