Trump Announces 25% Tariff on Nations Buying Venezuelan Oil

The tariff, effective April 2, is part of a broader trade policy and aims to penalize Venezuela for alleged criminal activity and hostility toward the U.S.

President Trump declared a 25% 'secondary tariff' on countries purchasing Venezuelan oil or gas, set to begin on April 2, 2025.
The tariff is intended to penalize Venezuela for allegedly sending violent criminals, including members of the Tren de Aragua gang, to the U.S.
China, Venezuela's largest oil buyer, and other nations trading with Venezuela could face significant economic impacts under the new measure.
The Trump administration has also resumed deportation flights of alleged Venezuelan gang members and extended Chevron's deadline to wind down Venezuelan operations to May 27, 2025.
Critics warn the tariffs could raise consumer prices and disrupt global trade, while the administration frames the move as part of a 'maximum pressure' campaign against Venezuela.