Trump announces 25% tariff on countries buying Venezuelan oil
ft.com —
Donald Trump announced that the United States will impose a 25 percent tariff on imports from countries that purchase oil or gas from Venezuela. This decision could lead to higher costs on goods coming from China and India, which are major buyers of Venezuelan crude. In a message on Truth Social, Trump explained his reasons for the tariff. He claimed that Venezuela has secretly sent many criminals, including murderers, to the United States. He called this new tariff a "secondary tariff," and it is set to take effect on April 2. This is a developing story, and more information may be released in the coming days.