Particle.news
Download on the App Store
51 ARTICLES
·
last mo.

Trump Signals Flexibility on Tariffs, Announces Venezuela Oil Penalty

President Trump confirms a narrower scope for reciprocal tariffs targeting the 'dirty 15' countries and introduces a 25% tariff on nations buying oil or gas from Venezuela.

U.S. dollar banknotes are seen in this photo illustration taken February 12, 2018. REUTERS/Jose Luis Gonzalez/Illustration/File Photo
The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo
A cargo ship full of shipping containers is seen at the port of Oakland as trade tensions escalate over U.S. tariffs, in Oakland, California, U.S., March 6, 2025. REUTERS/Carlos Barria/File Photo
Image

Overview

  • President Trump stated that the reciprocal tariffs set for April 2 may exclude certain sectors, signaling potential exemptions for some countries.
  • A new 25% tariff was announced on countries purchasing oil or gas from Venezuela, adding a fresh layer to U.S. trade policy.
  • The stock market rallied significantly, with major indices rising on reports that the tariffs will be more targeted than initially feared.
  • The Federal Reserve has adjusted its economic outlook, forecasting slower growth and higher inflation due to ongoing tariff uncertainty.
  • Treasury Secretary Scott Bessent clarified that the 'dirty 15' countries, representing 15% of U.S. trading partners with significant trade imbalances, will be the primary focus of the tariffs.