President Donald Trump has announced a 25% tariff on countries importing oil and gas from Venezuela, effective April 2. This move aims to increase economic pressure on Venezuela, led by President Nicolás Maduro, whom Trump accuses of hostile actions against the U.S.
The tariffs could significantly impact countries like China and India, major importers of Venezuelan oil. Venezuela has labeled these tariffs as illegal and desperate, threatening legal action.
Meanwhile, Secretary of State Marco Rubio will determine affected countries, including China and Spain. Despite the tariffs, U.S. companies like Chevron are permitted to continue operations in Venezuela until late May.
The new tariffs might also serve as a negotiation tactic against Maduro’s regime, which is accused of undermining democracy and economic stability.
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