Trump says country that purchases oil or gas from Venezuela will be forced to pay 25% tariff on 'any trade they do with our country'

In a significant escalation of economic sanctions, President Trump declared that all nations purchasing oil or gas from Venezuela will incur a 25% tariff on all trade with the United States. This announcement, made on Truth Social, emphasizes Trump's intent to impose strict penalties on countries that support Venezuela's energy industry. The tariffs are scheduled to be implemented on April 2, coinciding with Trump's broader announcement of global tariffs. This move signifies one of the most robust economic actions taken against the Venezuelan regime, reinforcing the ongoing tensions between the US and Venezuela over its leadership.

President Trump announced on Monday that any nation purchasing oil or gas from Venezuela will face a 25% tariff on its trade with the United States. This represents one of the most stringent economic measures against the Venezuelan regime to date.

In a lengthy post on Truth Social, Trump expressed his frustrations, suggesting that countries supporting Venezuela's oil and gas sectors will face significant financial penalties when trading with the US.

Read at New York Post