The tariffs, which would go into affect April 2 should Trump implement them, would cut a major source of revenue for the Maduro government - while ratcheting up pressure on China, a major purchaser of Venezuelan crude that's already looking at 20% tariffs under Trump.
Trump cited "the fact that Venezuela has purposefully and deceitfully sent to the United States, undercover, tens of thousands of high level, and other, criminals, many of whom are murderers and people of a very violent nature," in his 25% tariff on Venezuela, and says the additional 25% tariff punishing anyone buying oil or gas will begin on April 2nd.
President Donald J. Trump announced today that the United States of America will be putting what is known as a Secondary Tariff on the Country of Venezuela, for numerous reasons, including the fact that Venezuela has purposefully and deceitfully sent to the United States,…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) March 24, 2025
