President Trump announced a 25% tariff on imports from countries buying Venezuelan oil, citing hostility from Venezuela towards the U.S. The new tariffs will apply from April 2, extending to trade with Venezuela as well.

On a recent occasion, President Donald Trump announced the implementation of a 25% tariff on all imports from nations purchasing oil or gas from Venezuela. This measure extends to imposing additional tariffs directly on Venezuela. Trump conveyed this information through a post on Truth Social, highlighting Venezuela’s perceived hostility toward the United States. Effective from April 2, countries engaging in oil trade with Venezuela will incur this tariff on their imports to the U.S.

In summary, President Trump has declared a strategic tariff aimed at countries that purchase Venezuelan oil, reflecting a response to Venezuela’s standing with the U.S. This 25% tariff is set to take effect on April 2, affecting all related trade between these nations and the United States.

Original Source: www.times-news.com

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