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AMERICA, ASIA, BIDEN ADMINISTRATION, CHINA, CUBA, DEPARTMENT OF HOMELAND SECURITY, DONALD TRUMP, ECONOMICS, EXTERNAL REVENUE AGENCY, EXTERNAL REVENUE SERVICE, HOWARD LUTNICK, LUTNICK, MEXICO, NATIONAL SECURITY, NICOLAS MADURO, NORTH AMERICA, POLITICS, REVENUE, SOUTH AMERICA, TREN DE ARAGUA, TRUMP, UNITED STATES, US, US-CHINA RELATIONS, VENEZUELA, WHITE HOUSE
Dante Raeburn
Trump to Impose 25% Tariffs on Countries Purchasing Oil from Venezuela
President Trump has announced a 25-percent tariff on countries buying Venezuelan oil, effective April 2, as part of efforts to curb Venezuela’s economy. This move reflects ongoing tensions between the US and Venezuela amid criticisms of the Maduro government. The announcement has sparked debates regarding its implications for international trade and consumer costs.
US President Donald Trump has declared that starting April 2, any nation purchasing oil or gas from Venezuela will incur a 25-percent tariff on its trade with the United States. This announcement was made in a Truth Social post where Trump criticized Venezuela’s government, led by President Nicolas Maduro, for contributing to migration issues affecting the US.
In summary, President Trump’s announcement regarding the imposition of tariffs on countries buying Venezuelan oil underscores his administration’s continued pressure on Venezuela. Critics express concerns over potential negative repercussions for consumers and the complexities of creating a new agency to handle tariff collection.
Original Source: www.aljazeera.com
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