Trump Imposes 25% Tariff on Countries Trading with Venezuela
President Trump announced the U.S. will impose a 25% tariff on countries purchasing oil or gas from Venezuela. This action reflects his stance against Venezuela’s alleged criminal activities directed towards the U.S. The tariffs are effective April 2, in line with his broader trade policies.
On Monday, President Donald Trump announced the imposition of a 25% tariff on oil and gas imports from all countries purchasing these resources from Venezuela. This decision is described as a sanction against Venezuela, which Trump claims intentionally sends criminals to the United States under the guise of migrants.
In his statement posted on Truth Social, Trump emphasized that Venezuela exhibits hostility towards the United States and its values. He stated, “Therefore, 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.”
The tariffs are set to take effect on April 2, corresponding with Trump’s previously announced reciprocal tariffs affecting all nations. This date has been labeled “liberation day in America” by Trump.
This latest tariff proposal follows Trump’s recent reference to the 1798 Alien Enemies Act, through which he has attempted to deport over 200 Venezuelans purportedly linked to the Tren de Aragua gang. Although a federal judge halted this measure, deportation flights proceeded nonetheless.
In summary, President Trump has declared a 25% tariff on any country importing oil or gas from Venezuela, asserting it as a measure to counteract Venezuelan hostility and criminal activity affecting the U.S. This tariff will be initiated on April 2, aligning with his broader tariff strategy. The implications of this policy further illustrate the tense relations between the U.S. and Venezuela, as well as ongoing immigration issues.
Original Source: www.usatoday.com
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