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US Imposes 25% Tariff on Countries Buying Oil from Venezuela

President Trump has imposed a 25% tariff on countries purchasing Venezuelan oil, effective April 2, citing Venezuela’s hostility towards the U.S. The U.S. will also enforce secondary tariffs related to alleged criminal gang ties. Trump reaffirmed support for the Abraham Accords, indicating interest from more nations despite regional conflicts.

On April 2, President Donald Trump announced a new tariff sanction, imposing a 25% fee on any country purchasing oil or gas from Venezuela. This decision was made public via a post on Truth Social, where he characterized Venezuela as “very hostile” to the United States, claiming that the tariffs aim to promote economic fairness.

Additionally, the United States will impose a “secondary” tariff on Venezuela, citing its connections to the Tren de Aragua gang. The administration is actively deporting individuals allegedly linked to this group who entered the United States unlawfully.

In a related media briefing, President Trump expressed his dedication to expanding the Abraham Accords, which foster normalization agreements between Israel and several Arab nations. He indicated that numerous countries, including Saudi Arabia, are interested in joining these accords, despite concerns about the ongoing conflict in Gaza and its tragic toll of over 61,000 casualties, predominantly among women and children.

In summary, President Trump’s new tariff on Venezuelan oil buyers underscores the administration’s stance against perceived threats posed by the Venezuelan government. Furthermore, the continuation of deportations linked to gang affiliations demonstrates ongoing U.S. security concerns. Trump’s commitment to the Abraham Accords reveals an attempt to expand diplomatic ties in the region, albeit amid complex geopolitical challenges.

Original Source: shafaq.com

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