Trump Proposes Tariffs on Countries Buying Oil and Gas From Venezuela
Former President Trump has proposed a 25% tariff on all countries importing oil and gas from Venezuela, targeting mainly nations like China and the U.S. This initiative is intended to reduce Venezuela’s oil exports and has significant geopolitical implications.
Former President Donald Trump announced a significant economic measure involving a 25% tariff on imports from any nation that engages in purchasing oil or gas from Venezuela. This directive is aimed at curtailing Venezuela’s oil exports, which have garnered considerable interest from various nations, particularly China and the United States, as noted by Rystad Energy, a research and consulting firm.
In summary, Trump’s proposed 25% tariff seeks to exert pressure on countries purchasing Venezuelan oil and gas, particularly targeting prominent buyers such as China and the U.S. This move reflects ongoing geopolitical tensions and aims to limit Venezuela’s oil revenue.
Original Source: www.cbsnews.com
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