Trump Announces 25% Tariff on Venezuelan Oil Buyers Starting April 2

The tariffs, part of a broader sanctions strategy, aim to penalize Venezuela for alleged hostile actions and target major oil-importing nations like China and India.

President Trump has ordered a 25% tariff on countries purchasing oil or gas from Venezuela, effective April 2, 2025.
The measure is a response to Venezuela allegedly sending violent criminals, including members of the Tren de Aragua gang, to the United States.
Major oil importers such as China, India, and Spain are expected to be significantly impacted by the new tariffs.
The tariffs coincide with the launch of Trump's 'reciprocal tariffs' initiative, targeting perceived unfair trade practices globally.
Chevron's license to operate in Venezuela has been extended until May 27, 2025, while deportation flights to Venezuela have resumed following a temporary suspension.