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In a significant economic move against Venezuela’s regime, President Trump declared Monday that nations purchasing Venezuelan oil or gas will face steep consequences. The measure imposes a 25% tariff on all US trade with countries engaging in oil or gas transactions with Venezuela.
Under President Trump, countries that purchase oil from Venezuela will pay a 25% tariff.
Under Joe Biden, the United States begged Venezuelan dictator Nicolás Maduro for oil.
What a difference a few months makes. pic.twitter.com/iEOdqc3klq
— Daniel Turner (@DanielTurnerPTF) March 24, 2025
“Any Country that purchases Oil and/or Gas from Venezuela will be forced to pay a Tariff of 25% to the United States on any Trade they do with our Country,” Trump wrote in an extensive Truth Social statement.
🚨🇺🇸 TRUMP: SOME CHARGED US SO MUCH, I DON’T THINK THEY COULD TAKE IT
“If they buy their oil from Venezuela, they have to pay a 25% tariff to do business with the United States.
(For example for China,) That would be a top of it for existing 45% that's on top of existing… https://t.co/i9yfKU76oZ pic.twitter.com/wVm3CS2yX1
— Mario Nawfal (@MarioNawfal) March 24, 2025
The administration plans to implement these new trade restrictions beginning April 2, coinciding with Trump’s scheduled announcement of broader reciprocal tariff measures worldwide.
