Trump to Impose 25% Tariff on Countries Buying Venezuelan Oil
President Trump announced a 25% tariff on imports from any country buying Venezuelan oil or gas, effective April 2, addressing Venezuela’s perceived hostility. Additionally, new tariffs will target Venezuela due to the Tren de Aragua gang. Trump communicated this policy through Truth Social, aimed at notifying law enforcement agencies.
On Monday, President Donald Trump announced the implementation of a 25% tariff on all imports from countries purchasing oil or gas from Venezuela. This decision aligns with his administration’s approach towards Venezuela, which he described as “very hostile” to the United States. The tariff will take effect on April 2, 2023, indicating a significant shift in trade policy concerning Venezuelan resources.
In addition to tariffs on trading partners, new tariffs will be placed directly on Venezuela itself. This action follows concerns regarding the presence of the criminal gang Tren de Aragua, which operates from Venezuela. Trump emphasized the administration’s commitment to securing borders by deporting immigrants associated with this gang who entered the U.S. unlawfully.
The announcement was made via a post on Truth Social, where Trump asserted that it would serve as a formal notification to the Department of Homeland Security and other relevant law enforcement agencies regarding the new trade policies. This initiative aims to exert economic pressure on Venezuela and its allies while enhancing national security.
In summary, President Trump’s forthcoming tariffs on Venezuelan oil buyers signify a strategic economic measure aimed at countering perceived threats from Venezuela. This policy reflects broader national security concerns linked to the presence of gangs like Tren de Aragua. Effective from April 2, 2023, this tariff initiative emphasizes the administration’s commitment to border security and diplomatic stances with hostile nations.
Original Source: abcnews.go.com
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