President Trump has proposed a 25% tariff on nations purchasing oil from Venezuela, effective April 2. This move is part of his strategy to exert pressure on Maduro’s regime and deter China’s influence in the region.

President Donald Trump announced that countries purchasing oil and gas from Venezuela will incur a 25% tariff on all trade with the United States, effective April 2. This measure is aimed at increasing pressure on Venezuelan President Nicolas Maduro. Trump made this declaration via his social media platform, Truth Social, while accusing Venezuela of sending gang members to the U.S.

The announcement of a 25% tariff on oil and gas imports from Venezuela represents a significant escalation in U.S. foreign policy under President Trump, aiming to curtail Venezuela’s economic ties, particularly with China. The measure is expected to potentially raise oil prices and affect global oil dynamics.

Original Source: www.nbcphiladelphia.com

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