President Trump has announced a 25% Secondary Tariff on nations buying oil or gas from Venezuela, effective April 2. He claims this is in response to the flow of violent criminals from Venezuela into the U.S., referencing specific gangs. The implementation may provoke retaliatory measures, leading to a trade war.

In a recent announcement, President Donald Trump declared that the United States will implement a 25% “Secondary Tariff” on countries purchasing oil or gas from Venezuela, effective from April 2. This measure aims to penalize nations engaging in trade with Venezuela, which President Trump claims has contributed to the influx of violent criminals and gang members into the U.S.

President Trump’s announcement of a 25% tariff on countries buying Venezuelan oil and gas underscores ongoing tensions surrounding Venezuelan trade relationships. The potential for retaliatory actions from Venezuela or other affected nations could heighten trade disputes, a situation that remains to be seen as developments unfold.

Original Source: www.scrippsnews.com

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