China’s Purchases Stall After Trump’s Tariff Threat on Buyers of Venezuelan Oil
- China's oil purchases from Venezuela have stalled after U.S. President Donald Trump threatened 25% tariffs on imports from countries buying Venezuelan oil, with traders awaiting guidance from Beijing on future purchases.
- Chinese Foreign Ministry Spokesperson Guo Jiakun stated that the U.S. Is abusing unilateral sanctions, which China opposes, suggesting such actions inflict losses on American businesses.
- Traders in China are cautious about entering the Venezuelan oil market due to the uncertainty caused by U.S. Sanctions, impacting their purchasing decisions.
- Venezuelan oil imports by China account for about 503,000 barrels per day, representing approximately 55% of Venezuela's total oil exports, primarily sold under different names after transshipment.
52 Articles
52 Articles
Venezuela Condemns US Threats, Reaffirms Sovereignty Amid New Tariff Announcement - teleSUR English
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India and China no longer buying crude from Venezuela after Trump's threats
The United States imposing a 25% tariff on countries importing oil and gas from Venezuela starting next month has already taken its toll on Caracas' coffers as India and China —accounting for over 50% of its crude exports— have halted purchases. China, which imported 351,000 barrels per day (bpd) last year, and India, with 254,000 bpd in January, are stepping back, with companies like India’s Reliance Industries planning to stop imports.

Trump tariff on Venezuelan oil buyers shakes global market, major refiners pull back
The U.S. announcement that Washington will impose a 25% tariff on any country that purchases Venezuelan oil or gas has quickly made commercial dealings with Venezuela’s oil industry a highly toxic proposition, as some of the South American country’s largest…
China Stops Venezuelan Oil Imports After U.S. Decree
On March 25, 2025, U.S. President Donald Trump issues a decree that swiftly halts China’s imports of Venezuelan oil. The order threatens a 25% tariff on goods from countries purchasing Venezuela’s crude, effective April 2, targeting China, the nation’s largest buyer. Coming after U.S. sanctions on Chinese imports from Iran, this policy demonstrates Trump’s calculated […]
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